The Greater Danbury, CT Area's Largest Self-Storage Facility is On-Schedule to Open October 1st

Rhea-AI Summary

The largest self-storage facility in the greater Danbury, CT area is set to open on October 1, 2024. The 4-story, 110,000 SFG building is strategically located at a busy intersection near major retailers. It offers 810 storage units, including 57 drive-up units, and is climate-controlled. Extra Space Storage (NYSE: EXR) will brand, operate, and manage the facility.

The development team, led by de Stefanis & Associates, includes local Danbury firms and a nationally renowned self-storage design firm. The location's proximity to big box retailers and easy access from Super Route 7 make it attractive. Market research indicates high demand for storage in the area, with strong interest in preleasing large, exterior-access drive-up units from potential commercial customers.

Positive

• Largest self-storage facility in the greater Danbury area, with 110,000 SFG
• Strategic location near major retailers and easy access from Super Route 7
• 810 storage units, including 57 desirable drive-up units
• Climate-controlled facility
• Managed by Extra Space Storage (NYSE: EXR), a major player in the self-storage industry
• High demand for storage in the area, according to market research
• Strong interest in preleasing large, exterior-access drive-up units from potential commercial customers

Negative

• None.

PURCHASE, N.Y., Aug. 13, 2024 /PRNewswire/ -- The building is 4-stories and 110,000 SFG, making it the largest single-building self-storage facility in the greater Danbury area. It is strategically located at the busy intersection of Candle Lake Road, Federal Road, and Grays Bridge Road, accessed via Exit 11 on Super Route 7. This area is home to such major, national retailers such as Costco, Home Depot, Raymour Flannigan, BJ's, and Kohl's. It is also the same area as Stew Leonard's and a newly opened Big Y supermarket. There are 810 storage units, including 57 desirable drive-up units up to 10' x 30' in size. It is climate-controlled (cooled in the summer, heated in the winter) facility. The design is visually appealing, with facades in soft grays, white, and wasabi green accent panels, trim, and overhead doors.

Extra Space Storage, a publicly traded REIT (NYSE: EXR), will brand, operate, and manage the facility. Extra Space manages 1,400 storage facilities throughout the USA and owns an additional 472 facilities.

Completion is expected by October 1, 2024. The development team, headed by de Stefanis & Associates of White Plains, NY, includes local, Danbury, CT area firms: Claris Construction, Inc. as the construction manager; Structural Consulting Services, P.C. for structural engineering; and CCA, LLC site engineering. Dean Architects PLLC of Clarence, NY, a nationally renowned self-storage design firm, is the architect of record. de Stefanis & Associates, Inc has been in operation since 1958; Carl de Stefanis, P.E., is the current president. The company has developed warehouses, offices, and banking facilities in Westchester County, New York.

"The location is excellent due the proximity to many well-known big box retailers, and the site's easy-on and easy-off access from Super Route 7. Our market research indicates that the area has a high demand for storage. Potential commercial customers inquiring about preleasing our large, exterior-access drive-up units is strong," said Mr. de Stefanis.

CONTACT: Carl de Stefanis, carl.de.stefanis@de-stefanis.com

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SOURCE dSA Capital LLC

FAQ

When is the new Extra Space Storage (EXR) facility in Danbury, CT scheduled to open?

The new Extra Space Storage facility in Danbury, CT is scheduled to open on October 1, 2024.

How many storage units will the new Extra Space Storage (EXR) facility in Danbury, CT have?

The new Extra Space Storage facility in Danbury, CT will have 810 storage units, including 57 drive-up units.

What is the size of the new Extra Space Storage (EXR) facility being built in Danbury, CT?

The new Extra Space Storage facility in Danbury, CT is a 4-story building with 110,000 square feet of gross space (SFG).

Who will manage the new self-storage facility in Danbury, CT opening in October 2024?

Extra Space Storage (NYSE: EXR), a publicly traded REIT, will brand, operate, and manage the new self-storage facility in Danbury, CT.