Go Store It, an affiliate of Madison Capital Group, has opened a 120,033-square-foot self storage facility in Jacksonville, Fla.
According to Yardi Matrix data, the project was subject to an $8.5 million construction loan in 2022, provided by Susser Bank, with a maturity date set for 2027.
The newly built facility is a three-story building that offers 775 climate-controlled units, ranging between 25 and 350 square feet. The property features drive-under loading for covered loading and drive-up units on the first floor. Amenities include 24-hour video surveillance, electronic building access, security fencing and lighting, moving and packing supplies, as well as dolly and flatbed carts.
The Class A facility covers 2.3 acres at 7782 Gate Parkway, near the intersection of Interstate 295 and U.S. Route 202, and is some 13 miles southeast of downtown Jacksonville.
Go Store It Jacksonville serves an area that is currently experiencing a rise in residential development, Ben Walden, the firm’s East Coast development partner, commented in prepared remarks.
The facility is one of the six available within a 3-mile radius, offering residents 8.1 rentable square feet of self storage space per capita. As of February, the Jacksonville market had 15 properties under construction, set to add 884,742 square feet to the existing inventory, Yardi Matrix data shows.
Go Store It has recently entered the California market with the opening of a 70,000-square-foot property in Monterey Park, serving the Los Angeles Eastern County market.
