A company that develops self-storage facilities in Colorado and Texas is continuing a push into the Northern Colorado market.
Grow Your Storage Development LLC recently opened the 541-unit Timberline Self Storage and is starting construction of South College Self Storage, with 708 units, both in Fort Collins. The company also is in the entitlement process for the 446-unit first phase of a self-storage facility in Windsor.
“We like the markets of Northern Colorado. We feel there’s some opportunity for Class A facilities, and they’re growing markets with high barriers to entry,” said Brandon Grebe, who operates GYS Development with Lee Fredrick.
Grebe said growth in the market has created pent-up demand, particularly for new facilities that include climate-controlled units.
“The industry is in a growth cycle similar to almost all other real estate industries right now,” said Grebe, whose company also is development properties in Colorado Springs and Fountain.
The recently opened Timberline Self Storage is located at 2120 Midpoint Drive, at the southeast corner of Timberline and Prospect roads.
GYS Development now is starting construction of South College Self Storage, a three-story, 107,000-sf property at 6020 S. College Ave. in Fort Collins that will open in the second quarter. It purchased 13 acres at the intersection of South College and East Skyway Drive, retaining 3.3 acres for the facility and offering the remainder of the property for sale.
GYS hopes to break ground on the first phase of East Windsor Self Storage in the Falcon Point Business Park, at the southeast corner of Highways 392 and 25 in Windsor, early this year. The first phase will comprise 62,000 sf and also is scheduled for delivery in the second quarter. An additional 275 units could be added in the future.
Grebe said GYS development caters each project to the local market, however, all of its developments include a mix of climate-controlled and drive-up units, access control and online renting capabilities. All also have on-site management, “so we take a personal approach to it,” he commented.
GYS Development partnered with All Pro Capital, which secures debt and equity, on all three projects.
GYS Development specializes in developing, building and managing self-storage facilities in the Western United States, including Texas, Colorado and Arizona. In Colorado, it developed the Centerra Self Storage in Loveland, and also has properties in Denver and Colorado Springs.