03_19_2019-Coronado Placeholder for Fund
SS_icon.png

EXTRA SPACE STORAGE CORONADO RD. & RAY RD

Approved 11/30/2017

Self-Storage

LOCATION
START DATE
COMPLETION DATE
FUND EQUITY (MM)
TOTAL PROJECT COST (MM)
% COMPLETE
Gilbert, AZ
Q1 2018
Q1 2019
$1.6
$9.1
100

Extra Space Storage Coronado Rd. & Ray Rd. is a 91,000 SF, 100% climate-controlled facility.

The site is in an area that has seen recent commercial and multifamily growth. TopGolf, Main Event, and a large multifamily complex are adjacent to the site. The proposed site is also near SanTan Village Mall.

The facility is bordered by single-family homes with a high median home value of over $260,043. The nearby Loop 202 carries approximately 52,000 cars per day. Population growth is well above average in this area, and the high percentage of renters with need for storage will help drive occupancy. The average median household income of $103,733 is a striking number almost $30,000 higher than the Phoenix market average. High median incomes translate to more discretionary income for luxuries like self-storage.

April 2019
April 2019

April 2019
April 2019

January 2018
January 2018

April 2019
April 2019

1/52