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Synergy Self Storage announces the completion of facility in Merrimack, NH
The building has 144,000 square feet in 918 units

March 22, 2017: Synergy Self Storage has completed the second phase of its facility in Merrimack, NH., which first opened in 2014. The building has 144,000 square feet in 918 units, some of which are exterior-facing, drive-up spaces. Security features include computer-controlled access, motion-sensor lighting and video cameras. The site also contains 23 outdoor vehicle-storage spaces and a retail store that sells moving and packing supplies.

According to the source, the company added three floors to its existing building and the climate-controlled facility is now one of the largest in the state.

"I would say New Hampshire is pretty much in equilibrium," Joe Mendola, senior vice president of NAI Norwood Group, a Bedford-based real estate firm, told the source. "I don't think we need any new development. I think we have supplied the New Hampshire market fully."

Synergy is one of several storage facilities that has recently opened in Southern New Hampshire following several years of pent-up demand. "Right now, the state is saturated," owner Chris Ross told the source.

Bluebird Self Storage opened a new property last month in Manchester, N.H. It’s the first of three projects the company expects to build in the region this year. Another facility, by real estate investment trust Life Storage Inc., recently opened at 6 Smith Lane in Londonderry, N.H. Real estate developer Montello St. LLC received approval last year to convert the former Nashua Athletic Club in Nashua, N.H., to storage. Also, a proposal for two self-storage buildings on residential property in Bedford, N.H., has been introduced, but town planners have concerns about the project, the source reported.

Source: www.insideselfstorage.com