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SmartStor Self Storage Opens in Columbia, PA

Jeff and Melissa Seibert, owners of development firm Columbia Investment Partners, have opened SmartStor Self Storage in Columbia, Pa., the couple’s first self-storage venture. The two-building facility at 100 Union St. comprises 40,000 square feet of space in 258 units, a third of which are climate-controlled. It also contains 18 vehicle-parking spaces.

November 28, 2017

2 Min Read
SmartStor Self Storage Opens in Columbia, PA

Jeff and Melissa Seibert, owners of development firm Columbia Investment Partners, have opened SmartStor Self Storage in Columbia, Pa., the couple’s first self-storage venture. The two-building facility at 100 Union St. comprises 40,000 square feet of space in 258 units, a third of which are climate-controlled. It also contains 18 vehicle-parking spaces.

The facility cost more than $2 million to build, according to the source. Union Community Bank provided the financing, while CSD Construction & Development Services LLC served as general contractor.

The Seiberts, who’ve developed other commercial and residential projects in the city, decided to move forward with a storage development after commissioning a feasibility study from Investment Real Estate LLC, a York, Pa.-based property-management and consulting firm. “Fortunately for us, there was demand in the area, and we saw a need for residents and businesses that we could fill,” Jeff Seibert said.

The 2.18-acre site combined two vacant tracts and a parcel containing an empty, dilapidated rental house, which the Sieberts razed. The property includes space for another 5,000-square-foot building.

The site’s exterior features an earth-tone color scheme to blend with its surroundings. “When we designed the site, we wanted SmartStor to be an asset to the area, not only from a storage view, but also from an aesthetic standpoint,” Jeff Seibert said.

The Seiberts were awarded a five-year tax abatement through the Local Economic Revitalization Tax Assistance program, which reduces property taxes imposed by the county, municipal and school district for companies that improve an existing site. The abatement begins at 100 percent in the first year, decreasing gradually to 20 percent in the fifth and final year, the source reported.

Jeff Seibert is also broker with Associates Real Estate Co., while Melissa Seibert is a licensed realtor with the firm.

 

Sources:

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