The $10 million development will be managed by Life Storage Inc., a self-storage real estate investment trust and property-management company
March 8, 2018: 1784 Capital Holdings has broken ground on its new storage facility in Oro Valley. The facility will contain three floors above ground and one below. The facilities will include a customer lounge, children’s play area, individually alarmed units and video cameras.
According to a press release, the three-story property at 11061 N. Oracle Road is expected to open by the end of the year.
“We were drawn to Oro Valley because of the area’s thoughtful development policies and dedication to community integrity,” said Shane Albers, CEO and chairman of 1784 Capital. “We feel privileged to be a part of this community, and we look forward to providing a state-of-the-art environment that elevates consumers’ self-storage experience while continuing to raise industry standards.”
The property is near Oro Valley’s Innovation Park, a master-planned business development that’s home to Honeywell, Northwest Medical Center and several pharmaceutical companies. “Oro Valley is emerging as a regional center for the biotech industry, and these growing companies are expanding the local population,” said Kelly McKone, executive vice president of real estate for 1784 Capital. “Many of these professionals move to the area for a limited time and are in need of quality self-storage to enhance their lifestyle.”