Joint-venture partners Federal Capital Partners (FCP) and Self Storage Zone recently opened Taylor Street Self Storage Zone in Washington, D.C., a 1,034-unit facility converted from the former Capital Area Food Bank. The property at 645 Taylor St. N.E. encompasses 78,600 square feet in three stories. It’s in the Brookland submarket of Washington, D.C., one block from Catholic University and six blocks from the Brookland/CUA Metro station.
The climate-controlled units range in size from 5-by-5 to 10-by-30. Other features include interior loading and delivery acceptance during office hours, which are 6 a.m. to 10 p.m. daily. Tenants may also use the company van for free during move-in or can choose to rent a moving truck complete with a driver, a unique option in the Washington market, according to a company press release.
“We are pleased to provide a well-managed, state-of-the-art self-storage facility with a high-level of service and amenities to communities that have previously needed to travel outside the District,” said Diane Tipton, Self Storage Zone Principal.
“Diane Tipton and the Self Storage Zone team have proven to be excellent local partners, delivering this project on time and under budget into a market with robust demand.” said Drew Odabashian, FCP’s vice president for commercial acquisitions.
Self Storage Zone is a developer and operator of self-storage facilities in Florida and the Washington, D.C., metropolitan area. Since 1995, The company has developed, constructed, acquired and managed approximately 3.8 million gross square feet of space in 36 projects in Florida, Maryland, New Jersey, New York and Virginia. It is actively seeking new development opportunities in the Washington, D.C., metro region.
Based in Chevy Chase, Md., FCP is a privately held real estate investment company that has invested in or financed more than $3 billion in assets since its founding in 1999. The compan is seeking equity, preferred equity and mezzanine-debt investments in commercial and residential real estate throughout the mid-Atlantic region. It owns and manages in excess of $2.3 billion in assets.