The four-story facility will have 67,000 square feet of storage space in 785 climate-controlled units
April 4, 2017: A company by the name 3302 Petty LLC is building a new self-storage in Durham, NC. The builder purchased the property last July for $425,000 and the facility construction is expected to be complete by the end of the year.
The property will be managed by self-storage real estate investment trust CubeSmart and branded under its name. CubeSmart owns or manages 827 self-storage facilities across the United States. Its operating portfolio comprises more than 52 million square feet of storage space.
According to public records, 3302 Petty is based in Charlotte, NC. Its agent is Joe F. Teague of Charlotte, NC., who filed the company with the North Carolina Secretary of State in February 2016.
JLL Capital Markets, a commercial real estate and finance firm, is overseeing the construction, the source reported. Charlotte, N.C.-based Overcash Demmit Architects is the architect. Edifice Inc., also in Charlotte, is the general contractor.