Scottsdale-based 1784 Capital Holdings, LLC, has purchased 4.8 acres on the west side of North Litchfield Road just north of the road’s intersection with Waddell Road in Surprise, Arizona. The company will create a state-of-the-art, high-end self-storage facility on the property.
“We are committed to design and build Class A self-storage facilities in highly visible, thriving communities that we are proud to own and that provide an outstanding customer experience,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “In the next 12 months, we expect to add several million square feet of self-storage in various stages of construction and operation throughout the U.S.”
“This dynamic area of greater Phoenix has seen substantial residential growth, which has created demand for quality self-storage facilities,” says Kelly McKone, executive vice president of real estate. “Our strategic goal is to provide the finest high-quality, customer-focused self-storage property in the area.”
The property, located at 14120 and 14150 N. Litchfield Rd., was purchased from Levine Investments Limited Partnership of Arizona. The transaction, totaling $836,628, was negotiated by Denise Nunez with NAI Horizon.
1784 Capital Holdings will create a multi-level, approximately 110,47- square-foot project that includes more than 800 self-storage units and RV/boat parking, with nearly 18,000 square feet of additional spaced approved for self-storage. Construction is slated to begin in October with completion projected in September 2018.
The company’s Arizona portfolio currently consists of approximately a million square feet in varying phases of planning, design, and operation. 1784 Capital Holdings continues to seek additional self-storage opportunities throughout the U.S.