Two commercial developers in Valparaiso, Ind., recently opened Stor-It-Now!, a self-storage facility with 660 units and 75,000 square feet.
James Lyons and Jeffrey Katz also own Plaza Place and Northview shopping centers, also in Valparaiso. They are also developing a Walgreens at Burlington Beach Road and Calumet Avenue, and a 54-unit condominium complex Glendale Boulevard and Silhavy Road. Their experience with the residential market—and their own need for storage—led them to the self-storage industry.
The facility features drive-up and climate-controlled units, with a temperature ranging from 55 degrees to 80 degrees. Storage units range from 25 square feet to 405 square feet. The business also sells packaging boxes and other material. Next spring, box delivery, pick-up and storage will be added for Valparaiso University students.
Source: Post-Tribune, Self-Storage Business Finds Market