Phoenix-based Wentworth Storage Co. LLC purchased two industrial properties in San Diego and Chula Vista with plans to convert them into self-storage facilities. The company paid approximately $27.8 million for both properties, according to the San Diego Business Journal.
The properties are located at 12340 World Trade Drive in San Diego and 2391 Fenton Street in Chula Vista. (pictured at top). The company plans to convert both buildings to provide 100,000 square feet of climate-controlled space. Both are expected to open in 2017.
Planned
Utah-based Wasatch Storage Partners has closed on two properties in the Minneapolis area that plans to convert into self-storage facilities, according to Finance & Commerce. Wasatch paid $7.2 million for both properties, located at 1828 Buerkle Road in White Bear Lake, MN and 9200 Hudson Blvd. in Lake Elmo, MN.
Metro Self Storage wants to build a 100,000-square-foot facility in Westhampton Beach, NY on a 2.6 acre lot it owns on Old Riverhead Road. The company is seeking an exception to the company’s permitting fees, which would be in excess of $200,000, according to 27east.com. The facility would be the largest building in the community.
U-Haul plans to convert the historic C. Cowles & Co factory at 83 Water Street in New Haven, CT into a 2,000-unit self-storage facility. The 156,000-square-foot building operated as a factory for more than 125 years. The company originally produced lanterns for carriages, and would go on to manufacture automobile parts. Operations moved to North Haven in 2015.
Completed
Better Boxes Self Storage, a new facility at 881 Gold Hill Road in Fort Mill, SC, will host a ribbon-cutting ceremony on Nov. 16. The 63,690-square-foot facility offers 441 units.
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