Go Store It, an affiliate and storage provider of Madison Capital Group, has broken ground on a Class A, 109,000-square-foot storage facility in Nashville, Tenn. The development will mark Go Store It’s ninth property in the state and within its portfolio when completed.
The team includes general contractor BenCo Construction and architect Smith Gee Studio, with the project set for delivery next fall.
At full build-out, the Go Store It property will encompass more than 1,000 climate-controlled units in a four-story building that will rise on 9.4 acres. Typically, Go Store It facilities have units ranging between 25 and 300 square feet, and amenities that include 24-hour video surveillance, moving supplies, dolly and flatbed carts, security fencing and lighting, and online bill pay, among others.
Serving a fast-growing suburb
The property is taking shape at 2406 Goose Creek Bypass in the Franklin suburb, providing access to Interstate 65. Located some 23 miles from downtown Nashville, the facility will be the only storage asset on a 3-mile radius, providing residents 8.5 rentable square feet per capita. Berry Farms Town Center, a master-planned mixed-use community is right next to the upcoming storage facility.
As of early December, Nashville had four self storage projects under construction, set to add a total of 212,037 rentable square feet to the existing inventory, Yardi Matrix data shows.
Madison Capital Group is also building a storage facility in Paramount, Calif. Earlier this year, the company received $13.7 million in construction financing for the development of the 845-unit project which will also operate under the Go Store It brand.
