ST. PETERSBURG, Fla., Feb. 1, 2018 /PRNewswire/ — Orlando, Florida-based Liberty Investment Properties, in partnership with Tampa, Florida-based Osprey Capital and private investors are pleased to announce the grand opening of a new self-storage facility in downtown St. Petersburg, Florida.
Standing four stories tall, the facility, managed by Extra Space, houses nearly 600 units within its 92,000 square foot footprint. Offering a variety of climate-controlled unit sizes, quality self-storage is a welcomed asset in the growing St. Petersburg corridor. “There seems to be no slowing down in downtown St. Pete. Growth keeps moving outward in every direction with walk-ability being a key draw for residents and businesses,” stated Adam Mikkelson, President of Liberty Investment Properties, Inc. “There was a real need to develop a storage facility with easy access and close proximity to the expanding community with millennials and businesses being key target customers.”
Adjacent to the new St. Petersburg Police Department Headquarters currently under construction, the storage facility complements the substantial development projects within the area. “The swath of land around the new St. Pete Police Department is ripe for revitalization and we look forward to seeing more successful projects come out of the ground.”
The storage facility provides customers with an award-winning 230 foot covered drive-thru bay design to protect them from the taxing Florida climate while accessing their secured goods.
A celebratory grand opening ceremony will take place in the Spring.
About Liberty Investment Properties, Inc.
Liberty Investment Properties, Inc. specializes in the development and operation of high-performing, income producing, commercial real estate. The company’s portfolio includes 11 storage facilities in the southeast with several new developments planned within the year. Learn more at LibertyProp.com.
About Osprey Capital
Osprey Capital is a Private and Direct Lender and Investment Group which provides Debt Financing (Bridge Financing and Mezzanine Loans) and Preferred Equity Investments secured by commercial real estate. Osprey Capital will also purchase Notes, Finance Note Purchase and on a select basis, Purchase Commercial Real Estate. The Founder and Principals have financed over $10 Billion in Commercial Real Estate transactions and have extensive experience in structuring the complete stack.
Extra Space Self Storage | St. Petersburg, FL
Adam Mikkelson | President | Liberty Investment Properties
SOURCE Liberty Investment Properties