Lock-It-Up Self Storage is planning an expansion over the next several years that will double the size of its Sylvania, Ohio, facility. The property at 7840 Sylvania Ave., between King and Centennial roads, currently has five buildings containing 300 storage units. One building is under construction and expected to be completed in July. Plans are underway to add four more buildings over the next few years.
Last year, Lock-It-Up acquired 10 acres of land adjacent to its existing 6 acres for $300,000. The expansion is in response to economic growth in the community, according to company president Steve Speranza. A portion of the new land may be developed for industrial use, Speranza said, but no specific plans have been made.
Once complete, the new buildings will encompass 10,000 square feet of storage space. Each will contain 50 to 60 units, ranging from 5-by-10 to 10-by-20 feet, some of which will be climate-controlled.
The first phase will cost about $500,000, which will include clearing the land, constructing the single building and installing a retention pond, the source reported. The four additional buildings will be constructed once the property reaches the appropriate occupancy of its existing units.
Lock-It-Up is also expanding its properties in Adrian, Fremont, Oregon and Perrysburg, Ohio. The company’s success is a result of changes it has made to its sites, including the implementation of new technology and security such as video cameras, according to Speranza.
Lock-It-Up operates 15 facilities in Michigan and Ohio. It’s owned by Tolson Enterprises, a Toledo, Ohio-based real estate investment, development and management company with property holdings including office, industrial and commercial retail as well as self-storage.
