InSite Property Group is pleased to announce the acquisition of an existing industrial property in Downtown Los Angeles. The site in the highly sought after Fashion District in Downtown Los Angeles with Interstate 10 frontage (over 250,000 average annual daily traffic (AADT)). The development will include a 4-story 125,000 GSRF SecureSpace self-storage facility and expected to open in 2021.
Commercial Property Executive recently sat down with Nathan McElmurry, Senior Vice President & Head of Self Storage Acquisitions at InSite Property Group subsidiary SecureSpace Self Storage, to discuss the effects of the novel coronavirus outbreak on the self storage industry and InSite's approach to tackle the issue. The global health crisis is both a threat and an opportunity for the self storage business. While the impact of the pandemic has been tough on self storage rents across the country, the sector might benefit from an eventual slowdown in new deliveries and accelerating automatization. Read the full interview at Commercial Property Executive.
InSite Property Group is pleased to announce the acquisition of a 3-acre site that is less than 2 miles from Rutgers University in Somerset, NJ. The complex transaction included a 15-month approval process and negotiations with three different ownership groups. The development will include a 4-story 155,000 GSRF SecureSpace self-storage facility and a retail drive-through outparcel. The project commenced in June 2020 with an expected facility opening in Q3 of 2021.
SpareFoot recently spoke with Keith Wetzel, one of InSite’s partners who leads acquisition and capital raising efforts. Joining the conversation was Nathan McElmurry, who was recently hired as Head of Self Storage Acquisitions. While InSite has exclusively operated as a developer over the last two years, the addition of McElmurry to the team marks a new chapter for the firm as it embarks on strategy of acquisitions to grow its portfolio of storage facilities. Read the full interview at The SpareFoot Storage Beat.
InSite Property Group is excited to announce the grand opening of SecureSpace Camarillo. The newly converted property is strategically located on 5300 Adolfo Road, Camarillo, CA 93012, just north of the US-101 and less than 5 miles east of Oxnard. The property offers 75,000 square feet of climate-controlled, ground-floor self storage space with unit sizes ranging from 5'x5' to 15’x25'. Additionally, the second floor consists of 75,000 square feet of office space available for rent. Well located for consumer and business users, the underutilized site was acquired in 2019 by InSite Property Group and converted into the world-class self storage facility that is now open for business.
InSite Property Group is pleased to welcome Nathan McElmurry to the team in the role of Senior Vice President to oversee all acquisitions for our wholly owned SecureSpace Self Storage division. McElmurry was previously the Senior Vice President of Acquisitions for SmartStop Self Storage, a public non-traded REIT, where he helped to drive roughly 150 self storage facility acquisitions over five years. View the full announcement at Yahoo Finance.
InSite Property Group is excited to announce the grand opening of SecureSpace Piscataway. The newly developed property is strategically located on 1518 S Washington Ave, Piscataway, NJ 08854, just north of I-287 Highway. This new SecureSpace location offers 122,000 square feet of secure self storage across three climate-controlled levels and features drive-up units on the ground floor for easy access. Well located for consumer and business users in the Garden State, the underutilized site was acquired in 2019 by InSite Property Group and developed into the world-class self storage facility that is now open for business.
InSite Property Group is excited to announce the grand opening of SecureSpace Titusville. The newly converted property is strategically located on 810 Cheney Highway, Titusville, FL 32780, roughly 2 miles from the I-95 Highway and offers 75,000 square feet of secure, climate-controlled storage space. After acquisition the InsitePG development team executed a complete renovation and store opening in less than 11 months.
InSite Property Group is pleased to announce the acquisition of 722 W 220th St, Torrance CA. The site is in the highly sought after South Bay submarket of Los Angeles with Interstate 110 frontage (over 300,000 average annual daily traffic (AADT)). We closed the deal with only 30 days of due diligence, demonstrating our ability to move quickly. We plan to open a 70,500 NRSF SecureSpace self-storage facility in 2020.
InSite Property Group is pleased to announce the acquisition of 179,657 square feet Class-A Flex industrial building on 9 acres in Camarillo CA. The building will be converted into a self-storage facility in the highly desirable Ventura County market along the Ventura (101) freeway. We plan to open a 78,000 NRSF SecureSpace self-storage facility in 2020.
InSite Property Group is pleased to announce the acquisition of 14 acres in Long Beach, CA. Site is a rare infill location in the highly desirable South Bay market with unrivaled access and visibility from Interstate 405 and 710 Highways. We plan to open a 115,000 NRSF SecureSpace self-storage facility along with nearly 600 Boat & RV parking spots on the site in 2021.