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Kellenbeck Holdings Ventures Into Self-Storage With Exit 24 Storage Proposal in Phoenix, OR

Real estate developer Kellenbeck Holdings LLC intends to build a self-storage facility on 4.65 acres in Phoenix, Ore. Exit 24 Storage would feature a 47,000-square-foot, two-story building and potentially four single-story structures comprising 73,000 square feet. Kellenbeck Holdings has previously developed apartment complexes in several Oregon counties, but this would be its first self-storage project, according to the source.

Real estate developer Kellenbeck Holdings LLC intends to build a self-storage facility on 4.65 acres in Phoenix, Ore. Exit 24 Storage would feature a 47,000-square-foot, two-story building and potentially four single-story structures comprising 73,000 square feet. Kellenbeck Holdings has previously developed apartment complexes in several Oregon counties, but this would be its first self-storage project, according to the source.

The two-story building would be constructed as part of phase one and offer 215 climate-controlled units. The single-story buildings would be built in subsequent phases and offer a combined 233 units. The town’s planning commission will hold a public hearing on Dec. 14 to discuss the project.

The target site, in an area known as the Rogue Valley, is east of Interstate 5 and bordered by Fern Valley, Furry and South Phoenix Roads. The property is owned by Henry Willis Pyle Credit Shelter Trust but would be sold to Kellenbeck Holdings if the project is approved, the source reported.

The property is near the Phoenix Hills subdivision and the Petro Shopping Center truck stop. The state is also rebuilding Exit 24 off of the interstate, which developer Mark Kellenbeck believes will spur development. “The interchange is a huge incentive to the entire east side, for sure,” Kellenbeck told the source. “Without question, it is going to be followed by development. It will be good for Phoenix.”

Property owners within 200 feet of the project site were mailed notices last week. A staff report on the proposal is expected to be available on Dec. 7. The planning commission is accepting written public comments.

Sources:

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