Store Here Self-Storage Acquires First Asset in St. Louis
- Feb 24, 2017
St. Louis—Store Here Self Storage recently announced the acquisition of a multi-story indoor self-storage facility located at 8319 Jennings Station Road, in Jennings, Mo.
According to Yardi Matrix data, RHW Capital Management Group bought the property for roughly $51 million in January.
The property is situated on the corner of Jennings Station Road and West Florissant Avenue. The building was formerly a Schnuck’s grocery store before being converted into a self storage facility in 2016.
The 600-unit building consists of two high loading docks for easy movement of goods, an elevator, a freight lift and indoor climate control. The size of the units varies from s five-foot by five-foot with eight-foot-high ceilings, to large units that are 10 feet wide and 20 feet long with nine foot ceilings. Every unit is equipped with a roll-up door.
The investment in Jennings, Mo., marks the company’s first site in the Metro St. Louis market.
Image courtesy of Store Here Self Storage