Massachusetts Worcester

345 Shrewsbury Avenue, Worcester, Massachusetts, was acquired in December 2015. The subject property was a former metals fabricating factory. The “A building” was converted into a state-of-the-art multi-level (two and three-story) climate-controlled self-storage facility. The remaining buildings - “B building” and “C building” were utilized as interior RV/Boat/Auto parking. After conversion, the “A building” GBA was 103,773 SF, which included an office area of 1,310 SF and a climate-controlled NRA of 77,736 SF, resulting in a total efficiency of 75.8%. The final product is considered the finest self-storage facility in Central Massachusetts. Construction was completed in December 2017. The project has been sold.

This is a project that was developed while Russ Colvin, President, was CEO of another entity, North American Self Storage.