Gallacher Development LLC recently purchased North Tahoe Self Storage in Tahoe Vista, Calif., from a private investor who built the facility in the early 2000s. The property at 590 National Ave. is near the northern end of Lake Tahoe. It’s comprised of 17,785 net rentable square feet of storage space in 205 units.
“This facility is a fantastic addition to our expanding portfolio. We look forward to implementing a multiple set of options provided by this site,” said Kelly Gallacher, co-founder of Gallacher Development.
The company also recently purchased a 3.1-acre land parcel in a suburb of Indianapolis on which it intends to build a new self-storage facility. The site will include approximately 68,000 rentable square feet of storage including a two-story, 28,000-square-foot, climate-controlled building. The project, which is expected to open this fall, will be managed by Extra Space Inc.
Bobby Loeffler and Tyler Skelly, self-storage specialists with The Loeffler Self-Storage Group (LSSG), represented the buyer and seller in the transaction. LSSG is a commercial real estate brokerage firm specializing in self-storage properties throughout the West.
Gallacher Development is based in Granite Bay, Calif. Kelly Gallacher has more than 20 years of experience in the acquisition, development, disposition, financing and management of self-storage properties. He’s also a managing partner in Storage Galleria, a group of self-storage veterans who partnered to create a better customer-service experience for storage tenants. Facility owners who sign up with the company receive periodic PDF fliers of specials and discounts that they can distribute among their customers. The offers are from national companies that provide various products and services tenants regularly use.