Scottsdale development firm purchases land in Maryland for construction of Class-A, self-storage facility

Scottsdale-based 1784 Capital Holdings LLC intends to develop a self-storage facility on 1.5 acres in Bethesda, Md. The company acquired the property at 5204 River Rd., for $11 million. It will redevelop the site, which is occupied by a tenant. “The Bethesda area has extraordinary demographics and extraordinary market fundamentals,” said Shane Albers, chairman and…