108-112 Seminary Street
88,000 SF climate controlled ground-up self-storage development
The facility contains 750 climate controlled units, which are underrepresented in the greater Durham self-storage market supply. The facility represents the only vertical climate controlled storage facility within 5 miles of downtown Durham. Equator is leveraging the recent multi-family growth within the CBD (3,000 units delivered over the past 3 years).
The investment opportunity was sourced through ECM’s professional network. The site was not marketed to the public. The site was acquired in 2015 and construction was completed Q2 2017