Extra Space owns and operates 1,513 self-storage properties in 38 states; Washington, DC.; and Puerto Rico
December 5, 2017: Hydraulic Road Storage LLC has opened a facility in Charlottesville, Va., that will be managed by self-storage real estate investment trust Extra Space Storage Inc. and branded under its name.
The three-story property at 2307 Hydraulic Road is across from The Shops at Stonefield, a mixed-use complex that offers entertainment, restaurants and retail. Offering 600 climate-controlled units and wine storage, the project represents a $7.5 million investment, according to a press release.
The facility is the first of its kind in the city, said co-owner Bill Theus. The wine-storage area features temperature- and humidity-controlled wooden lockers that are protected by a back-up generator and keypad-coded security. “We bring a new level of care to the self-storage experience, and know that in this central location, this innovative facility will be an asset to the community,” Theus said.
The facility was developed by Taylor/Theus Holdings Inc., a limited-liability company based in South Carolina. The company has recently developed several self-storage facilities in Florida, Georgia, North Carolina, South Carolina and Virginia. The assets are concentrated primarily in Florida and North Carolina and are managed by Extra Space.