Real estate investor Jonathan Schmid is nearing completion on a West Seneca, N.Y., development that will convert the former Gillogly Chevrolet dealership to self-storage. Ikon Self-Storage, at 1777 Union Road, will comprise about 103,000 square feet and take up the majority of the 8-acre site, according to the source. Schmid hopes to open the storage business within the next two months.
The facility will offer about 53,000 square feet of climate-controlled storage space in 330 units inside the former dealership building. Another 50,000 square feet of traditional storage space is being constructed in the former parking lot. The project is estimated at $1.5 million, the source reported.
The developer has performed much of the construction work himself during the last two years. Schmid acquired the property four years ago and previously built a facility for equipment-rental company Sunbelt Rentals on about 2 acres of the site.
Schmid owns other commercial real estate, including strip malls and standalone buildings, but said the Ikon project is the largest he’s done. “[Self-storage] seems like a good business to get into,” he told the source.
Sources:
- The Buffalo News: Gillogly Chevrolet Site to Become Self-Storage Facility
