The project is located at 2995 Mt. Hood Street, Las Vegas, Nevada 89156. The project land area is 15.05 acres (655,578 SF). The project is designed to be built as 328,465 GSF. The business plan for the subject property is to develop a state-of-the-art climate-controlled self-storage facility of 162,370 GBA, a 1,255 SF office area, with 120,830 NRA. The remaining 166,095 SF GBA to be utilized as 305 exterior drive-up units and 133 RV/Boat enclosed garage parking units, and eighty-six covered RV/Boat parking spaces. The three-mile and five-mile populations are 94,005 and 270,022, respectively. The subject property is in an undersupplied self-storage market. The business plan is to develop the highest quality self-storage facility in a five-mile radius, and the preeminent RV and Boat parking facility in Las Vegas. The project is located in the fast-growing Las Vegas market. Within a quarter mile of the subject property, 1,500 single-family homes were recently completed. The subject property was acquired in September 2023, and construction is scheduled to commence in October 2025.
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