A company by the name 3302 Petty LLC is building a new self-storage in Durham, N.C. The property at 3302 Petty Road will be managed by self-storage real estate investment trust CubeSmart and branded under its name. The builder purchased the property last July for $425,000, according to the source.
Expected to be complete by the end of the year, the four-story facility will comprise 67,000 square feet of storage space in 785 climate-controlled units. The site is adjacent to the Rooms To Go furniture store on Durham-Chapel Hill Boulevard.
JLL Capital Markets, a commercial real estate and finance firm, is overseeing the construction, the source reported. Charlotte, N.C.-based Overcash Demmit Architects is the architect. Edifice Inc., also in Charlotte, is the general contractor.
According to public records, 3302 Petty is based in Charlotte, N.C. Its agent is Joe F. Teague of Charlotte, N.C., who filed the company with the North Carolina Secretary of State in February 2016.
CubeSmart owns or manages 827 self-storage facilities across the United States. Its operating portfolio comprises more than 52 million square feet of storage space.
Sources:
- Herald Sun: New Self-Storage Facility Being Built Next to Rooms To Go on Durham-Chapel Hill Boulevard
- North Carolina Businesses: 3302 Petty Road LLC Business Registration
