Stuf, a startup business that partners with commercial-property owners to convert unused space to self-storage, has added two locations in San Francisco and Oakland, California. Both are in the basements of commercial buildings and will serve tenants of those structures as well as the general public, according to a press release.
The San Francisco facility at 115 Sansome St. is inside a 118,000-square-foot building in the city’s Financial District. Owned by the Vanbarton Group, the basement space was previously used for overflow building storage. The Oakland facility at 521 16th St. is inside a 61,000-square-foot office building affiliated with Westlake Realty Group Inc. The basement was previously unused, the release stated.
“The missing piece with self-storage, especially in heavily populated areas like the Bay Area, is having reliable and conveniently situated options,” said Katharine Lau, co-founder and CEO of Stuf. “By leveraging underutilized spaces, we’re able to provide locals and businesses nearby facilities for all needs.”
The New York-based venture signs revenue-sharing deals with landlords and converts the agreed-upon space to self-storage. It’s Bay Area expansion comes after the company raised $1.8 million in seed funding last year. Stuf also operates locations in Los Angeles, New York and Washington, D.C.
Source:
PR Newswire, Self-Storage Startup Stuf Announces New Locations in San Francisco and Oakland
