Go Store It, an affiliate of Madison Capital Group, has opened a 130,407-rentable-square-foot self storage facility in South Gate, Calif.
According to Yardi Matrix data, the developer broke ground on the project in January 2023, after securing a $20.8 million construction loan from Bank of the West in July 2022.
The newly built facility is a four-story building that offers 1,300 climate-controlled and drive-up units, ranging between 25 and 300 square feet. Amenities include 24-hour video surveillance, electronic building and gate access, moving and packing supplies, security lighting, as well as dolly and flatbed carts.
Go Store It South Gate covers 2.1 acres at 9830 Atlantic Ave., near the intersection of Interstate 710 and U.S. Route 42, some 12 miles south of downtown Los Angeles.
The Class A facility serves a densely populated area near the Azalea Shopping Center. Adam Lentz, the firm’s West Coast development partner, commented in prepared remarks that the property will address the storage needs of an underserved market.
The facility is one of 12 available within a 3-mile radius, offering residents 2.5 rentable square feet of storage space per capita. As of February, the Los Angeles Eastern County market had 14 properties under construction, set to add 1.4 million rentable square feet to the existing inventory, Yardi Matrix data shows.
Go Store It entered the Los Angeles market last month, with the opening of an 802-unit property in Monterey Park, Calif.
