The Sterling Group Acquires, Expands Self-Storage Facility in Goshen, IN

<p>The Sterling Group received support on Tuesday in its quest to expand its newly acquired facility. The plan commission is recommending the Goshen City Council approve the operator&rsquo;s request to rezone a 2.06-acre parcel at 2980 W. Wilden Ave. </p>

Update 6/22/17 – The Sterling Group received support on Tuesday in its quest to expand its newly acquired facility. The plan commission is recommending the Goshen City Council approve the operator’s request to rezone a 2.06-acre parcel at 2980 W. Wilden Ave.

The company plans to build 300 new storage units as well as a new property entrance. The existing ingress will be converted to exit-only, according to Rhonda Yoder, planning and zoning administrator. The expansion will include controlled access, perimeter fencing, lighting and video cameras, according to the source.


2/13/17 Real estate firm The Sterling Group has acquired Wilden Avenue Mini Storage in Goshen, Ind., for $1.5 million. The facility will be rebranded as Mini Storage Depot and operated by Sterling’s third-party management division, Sterling Management Ltd.

The property at 2704 W. Wilden Ave. is just off U.S. Route 33. It comprises approximately 37,000 square feet of storage space in 328 climate-controlled and drive-up units, and offers 24-hour gate access.

Founded in 1976, The Sterling Group acquires, constructs, develops and manages self-storage and multi-family properties in 16 states throughout the Midwest and Southeast. The company has been active in the storage industry since 1986, currently operating 13 facilities in Indiana and Michigan.

Sterling Management has more than 30 years of experience overseeing a portfolio of U.S. multi-family communities and self-storage facilities.

 

Sources:

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish