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2 Multi-Story Self-Storage Projects Planned for Bend, OR

October 4, 2018

3 Min Read
2 Multi-Story Self-Storage Projects Planned for Bend, OR

Update 10/4/18 – Construction is underway on the Northwest self-storage project at 62939 N. U.S. Highway 97, previously referred to as the development planned for N.E. Third St. The three-story, $6 million project will comprise 80,000 square feet in 584 units, larger than the 58,000 square feet initially reported. The facility will offer heated units and two freight elevators. It’s expected to be complete by the end of November, according to the source.

The concrete and metal structure will be metal-sided, with windows and awnings for visual interest on long wall, said Steven Boothroyd, site superintendent for builder Able General Contracting LLC, which is overseeing the project.

Though the availability of steel could affect the timeline of the project, at least 30 truckloads of steel have already been delivered to the site, according to Boothroyd. “Steel is getting harder and harder to get,” he told the source. “The West Coast is booming right now.”

Able also served as general contractor for the recently completed expansion of the Old Mill location, and will oversee the planned expansion next year of another Northwest facility in Terrebonne, Ore., the source reported.

6/6/17 – A pair of three-story self-storage facilities is being planned for Bend, Ore. Seattle-based investment firm Columbia Pacific Advisors LLC expects to begin construction during the third quarter on a 107,000-square-foot facility at 2705 N.E. Fourth St., and Northwest Self Storage is in preliminary discussions to develop a 58,000-square-foot location on the west side of N.E. Third St., according to the source.

The Columbia Pacific facility will include 820 climate-controlled units on 1.7 acres. The company acquired the property last year for $1.2 million through its affiliate OR Bend Self Storage LLC. The project is part of a plan to build about 6,000 storage units in Colorado and the Pacific Northwest, company spokesperson Ashley Bach told the source.

Northwest Self Storage paid more than $1 million in December for its 1-acre parcel on Third Street. In addition, the company intends to expand its Old Mill Self Storage location on S.W. Industrial Way, according to Leonard Waggoner, a site consultant for the company. “We’re building what we think the market needs and can absorb,” added Nate Schwalbach, vice president of operations.

Population growth in Bend has spurred interest from several self-storage developers. Investor Scott Cassidy earlier received city approval to build about 150,000 square feet of storage on N.E. Fourth Street but halted the project when Columbia Pacific moved forward with its plan, he told the source. “We’re going to see the performance of those that go in and go from there,” Cassidy said.

An unidentified developer has also submitted plans to build a storage facility with 11 buildings at the southeast corner of Cooley Road and N. Highway 97. The project is under administrative review, the source reported.

Columbia Pacific maintains a diversified portfolio across multiple sectors. Its real estate interests include hospitality, industrial, multi-family, office, retail, self-storage and senior-housing properties.

Based in Clackamas, Ore., Northwest operates 78 self-storage facilities in Oregon and Washington. Along with sister company Kevin Howard Real Estate, the firms specialize in self-storage services in the Pacific Northwest. The family-owned and -operated Northwest was founded by Kevin Howard more than 30 years ago. It specializes in self-storage consultation, brokerage, design and development, operation, and property management.

Sources:
The Bulletin, Northwest Self Storage Builds 584 Units in Bend
The Bulletin, Bend Draws Multistory Self-Storage Projects

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