1784 Capital Holdings breaks ground on $10M storage facility
Scottsdale-based 1784 Capital Holdings, LLC, has broken ground on its most recent Class A self–storage facility at 11061 N. Oracle Rd. in Oro Valley, Arizona. The $10 million development will be managed by LifeStorage and will serve the growing needs of the expanding Oro Valley community.
“We were drawn to Oro Valley because of the area’s thoughtful development policies and dedication to community integrity,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “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.”
1784 Capital Holdings’ Oro Valley development is located within the Steam Pump Village Shopping Center, next to a Holiday Inn Express and behind a Quik Trip convenience store. The four-story project (three above-ground and one below) includes an 807-unit self-storage facility, as well as a first-floor, 3,800-square-foot retail/office suite that will be available for lease. The property will be visible and easily accessible from Oracle Road, and will offer enhanced security (individually alarmed units, bright lighting, 24-hour monitoring) and other amenities including a child’s play area and customer lounge.
“We have worked closely with leaders in the Town of Oro Valley to bring this project forward. Oro Valley is emerging as a regional center for the biotech industry and these growing companies are expanding the local population,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “Many of these professionals move to the area for a limited time and are in need of quality self-storage to enhance their lifestyle.” Oro Valley’s Innovation Park, a master-planned business development, is home to tenants that include Honeywell, Northwest Medical Center, and several pharmaceutical companies.
Completion is scheduled for year-end 2018.