For Immediate Release
For More Information, Contact: Kelly McKone, Executive VP of Real Estate for 1784 Capital Holdings, LLC 602-885-2552
1784 Capital Holdings Buys 4.8 Acres in Surprise for
High End Self-Storage Development
Purchase is Local Self-Storage Developer's Newest Project in Growing National Portfolio
Scottsdale, July 8 , 2017 –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 create 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 self-storage property in the area and bring the national trend of high-quality, customer-focused service to Surprise.”
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 110,478 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.
About 1784 Capital Holdings, LLC
Scottsdale-based 1784 Capital Holdings is a leader in the development and ownership of institutional quality self-storage facilities. The company’s priority is to fulfill the growing demand for quality storage in metropolitan markets, developing new self-storage facilities and strategically acquiring existing storage properties while also acquiring and repositioning existing big-box retail properties. To learn more about the company, visit www.1784Capital.com.
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READ MORE ABOUT
OUR SURPRISE PROJECT
1784 Capital Holdings LLC
Shane Albers, Chairman and CEO
8777 N. Gainey Center Drive, Suite 191
Scottsdale, AZ 85258
Plans, specifications, included features, available options and elevations are subject to change without notice. All dimensions and square footages are approximate. Renderings are artist conceptions. Plans an renderings are the copyrighted property of 1784 Capital Holdings LLC and Bakken Communities. Reuse of plans is strictly prohibited.