DENVER, May 8, 2024
/PRNewswire/ -- Denver-based commercial real estate investment
firm VanWest Partners (VanWest) announces the acquisition of a
value-add self storage facility at 6664 Firestone Road,
Jacksonville, Florida. The
acquisition marks VanWest's ninth storage facility in Florida and expands its nationwide portfolio
to nearly 40 properties.
VanWest intends to expand the property by
adding 28,800 net rentable square feet comprising 176 additional
units.
Built in 2021, the Class A, multi-level facility spans 39,570
existing net rentable square feet and offers a mix of
climate-controlled and non-climate-controlled units. VanWest
intends to expand the property by adding 28,800 net rentable square
feet comprising 176 additional units. Situated just nine miles from
downtown Jacksonville, the
facility serves a densely populated area of approximately 190,000
residents within a five-mile radius.
Jacob Vanderslice, VanWest's
co-founder and Principal, shares his insight on the Jacksonville market: "Jacksonville's robust demographic trends and
strong economic fundamentals make it an excellent location for self
storage investment. The sustained influx of new residents, driven
by the region's economic growth, tells a great story for increasing
consumer demand. The facility's strategic location, coupled with
high residential density and steady economic growth, positions the
project well to deliver long-term value to our investors."
The property will be rebranded as ClearHome Self Storage –
Firestone Road under VanWest's vertically integrated management
arm, ClearHome Self Storage (ClearHome). ClearHome oversees the
operations and management of VanWest's self storage assets across
the U.S., optimizing asset performance by controlling expenses and
driving top line revenue.
VanWest invites accredited investors to participate in the
second round of funding for the Jacksonville project, which will finance the
expansion of an additional 28,800 net rentable square feet.
About VanWest Partners
VanWest Partners is an
opportunistic real estate investment firm specializing in self
storage acquisitions and management. With expertise spanning
development to fully stabilized assets in primary, secondary, and
tertiary markets, the firm consistently identifies opportunities to
add value through revenue growth and cost optimization. Accredited
investors are invited to explore value-add self storage
opportunities across the continental U.S. Learn more at
www.VanWestPartners.com.
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SOURCE VanWest Partners