In the kaleidoscope of real estate dynamics, self-storage stands out as the ever-enduring asset class, proving its resilience through economic ebbs and flows. Whether families are basking in financial prosperity and storing belongings during a European summer adventure, or individuals are downsizing their apartments as they embark on a new career, the demand for self-storage remains unwavering.
It’s in this flourishing sector that partners CEO and Founder of Cedar Creek Capital AJ Osborne, American investor and TV personality Tarek El Moussa, Executive Officer/General Counsel Ken Pinckard, and Former Congressman Barry Goldwater Jr. find their excitement and groundbreaking vision.
Breaking Ground in Surprise, Arizona: Storelocal Surprise Emerges
Against this backdrop, the partners initiated a groundbreaking ceremony on November 7th in Surprise, Arizona. The Storelocal Surprise project, poised to revolutionize the self-storage industry, is a testament to the partners’ unwavering belief in the sustained demand for innovative storage solutions.
This self-storage facility not only promises an unparalleled experience for customers but also to set a new industry standard for the area with its climate-controlled storage units, expansive RV bays, and incredibly convenient drive-up storage spaces.
“I’m super excited about the Surprise, AZ Storelocal project. I was completely blown away once I got to the location and saw it in person,” shared Project Partner Tarek El Moussa, encapsulating the enthusiasm that surrounds this transformative endeavor.
Revolutionizing Storage: A Unique Vision Unveiled
What makes Storelocal Surprise unique is its commitment to revolutionize the storage experience. With climate-controlled units, spacious RV bays, and convenient drive-up storage spaces, the project is not just a facility; it’s a testament to the partners’ foresight and dedication to setting a new standard in the industry.
Ken Pinckard emphasized the strategic inclusion of the project in the Prasada master plan development, stating, “We are fortunate to have been approved for inclusion in the Prasada [land owner] master plan development and are particularly grateful to Scott Wagner and his colleagues at RED and Westcor in making this happen. Our objective is to complement the surrounding businesses and add an important facility to the Surprise community.”
Investing in the Future of Storage
The groundbreaking event not only marked the significant first step in the project development but also opened doors for additional investors to join this transformative venture. With the development already underway, investors have the unique opportunity to be part of a high-potential project in a thriving market.
Osborne stated, “Surprise is one of the best locations in the nation we have ever seen. The micro-location off the freeway makes it so all housing and new growth west of the freeway have to go past our site. Everyone going north or south on the freeway passes us. On the macro level, Surprise is one of the fastest-growing cities in the US, attracting companies all over the world. Surprise has become the new inland empire.”
This project, strategically located alongside Loop 303, promises a robust 178,000 rentable square feet storage development in one of the nation’s fastest-growing areas.
Simply and perfectly, Goldwater shared, “If you provide something that people need, it will come. This project is needed in this area of fast growth. We are excited to provide this type of service for people to put their things in.”
A Storage Renaissance in Surprise, Arizona
Cedar Creek Capital’s Surprise, Arizona development isn’t just a storage facility; it’s an invitation for investors to be part of a storage renaissance. As the project progresses, Storelocal Surprise will redefine the storage landscape, setting the stage for a new era in design and functionality.
This groundbreaking initiative is more than just construction; it’s a testament to the partners’ belief in the enduring value of self-storage and its integral role in people’s lives, no matter the economic climate.
About AJ Osborne
AJ Osborne is the CEO of Cedar Creek Capital and has an impressive 20 years of experience as a self-storage owner, operator, and developer. He is a founder and board member of the largest self-storage co-op, Storelocal, as well as Tenant Inc. — a SaaS company supporting self-storage facility management. AJ has also written the No. 1 bestselling book on self-storage investing and hosts the top-rated and listened to self-storage podcast, Self Storage Income. Accredited investors can find more information here: cedar.cc/invest