Property details
minneapolis, minnesota
Public Storage
Investment type
Development
Asset Class
Self Storage
Ownership Structure
Joint Venture
Year Acquired
2020
Investment Summary
Syndicated invested alongside Cogent Capital in the ground-up development of a Class A self-storage facility prominently located along Interstate 94 in Minneapolis, Minnesota. Once complete, the Property will consist of a 131,261 square foot, four-story (three floors plus a second-floor mezzanine), self-storage facility with 1,074 units. The new facility will have state-of-the-art technology, security, and design with an indoor, climate-controlled, drive-thru loading area.
Public Storage, the largest operator of storage facilities in the U.S., will manage daily operations at the property.