Update 12/14/17 – Value Store It hosted a community event last month to celebrate the grand opening of its six-story self-storage facility in Little Havana. The gathering included a ribbon-cutting ceremony, a food buffet and live music. Attendees included employees, tenants, neighborhood residents and members of the Greater Miami Chamber of Commerce, according to the source.
The climate-controlled facility comprises more than 800 units. It includes an upscale reception area, covered parking and retail space. Offerings include truck rentals, and a business center with conference rooms, which are available to tenants at no charge, the source reported.
The lunch buffet tied into the culture of Little Havana, featuring roasted pig, rice, beans and yucca among its selections. Music was provided by saxophonist Mark Bejenaru.
9/1/15 – Value Store It Inc., which operates 14 properties on the East Coast under the Value Store It Self Storage brand, has begun construction on a new facility in the Little Havana neighborhood of Miami. The property at 3141, 3151 and 3161 S.W. 8th St. will include 114,576 square feet of self-storage as well as 1,800 square feet of retail space, according to the source.
Named Value Store It Little Havana, the facility will be managed by Miami Lakes, Fla.-based MMR Investments LLC and company principal Todd A. Ruderman. Oden-Hardy Construction will be the general contractor on the project.
Financial-services company Northern Trust Corp. supplied the $10 million, seven-year mortgage for the property. The 33,750-square-foot site was previously home to a hotel and residential building. Value Store It acquired it in three transactions for a combined $2.3 million in 2014, the source reported.
Based in Miami, Value Store It is a privately owned company that operates nearly 1,000,000 square feet of self-storage space in Connecticut, Florida and New York. Its facilities offer commercial and residential storage, truck rentals, and moving and packing supplies.
Sources:
Miami’s Community Newspapers, Value-Store-It Packs the House at Its Grand Opening in Little Havana Community
South Journal Business Journal, Northern Trust Lends $10M to Build Miami Self-Storage Facility
