Hydraulic Road Storage LLC has opened a facility in Charlottesville, Va., that will be managed by self-storage real estate investment trust Extra Space Storage Inc. and branded under its name. The three-story property at 2307 Hydraulic Road is across from The Shops at Stonefield, a mixed-use complex that offers entertainment, restaurants and retail. Offering 600 climate-controlled units and wine storage, the project represents a $7.5 million investment, according to a press release.
The facility is the first of its kind in the city, said co-owner Bill Theus. The wine-storage area features temperature- and humidity-controlled wooden lockers that are protected by a back-up generator and keypad-coded security. “We bring a new level of care to the self-storage experience, and know that in this central location, this innovative facility will be an asset to the community,” Theus said.
The facility was developed by Taylor/Theus Holdings Inc., a limited-liability company based in South Carolina. The company has recently developed several self-storage facilities in Florida, Georgia, North Carolina, South Carolina and Virginia. The assets are concentrated primarily in Florida and North Carolina and are managed by Extra Space.
Headquartered in Salt Lake City, Extra Space owns or operates 1,513 self-storage properties in 38 states; Washington, D.C.; and Puerto Rico. Its properties comprise approximately 1.03 million units and 114 million square feet of rentable space.