Scottsdale Developer Creating High-End Storage on Former Macaroni Grill Site

Scottsdale, Arizona – Scottsdale-based 1784 Capital Holdings, LLC, has broken ground on its Gold Dust Self Storage project at 7245 E. Gold Dust Ave. The former Macaroni Grill location will be home to a high-end self-storage facility that is scheduled to open at the end of 2019.

“We are committed to innovation in the self-storage industry,” says Shane Albers, chairman and CEO of 1784 Capital Holdings.  “Our properties are designed to be welcoming, providing amenities like climate-controlled loading areas, hotel-style lobbies, conference rooms and play areas. With our focus on the customer experience, we provide a secure, clean environment to store cherished belongings.”

The property is southeast of the intersection of Scottsdale Road and Shea Boulevard.  Located on the southeast corner of Scottsdale Road and Gold Dust Avenue, the new structure will benefit from being on one of the most heavily traveled and recognizable thoroughfares in Scottsdale.  The two major arteries of Scottsdale Road and Shea Boulevard are utilized by both commuters and neighborhood residents.  These streets offer excellent access to the Loop 101 freeway and access to all points of the Valley.

“In addition to being very visible for customers, this property offers excellent ingress and egress to both Scottsdale Road and Shea Boulevard via Gold Dust Avenue,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “The two-way access is ideal for customer convenience. The area is both a destination and a significant commuter corridor, which creates an amazing pool of potential customers for our project. We look forward to creating a signature facility with the latest amenities customers desire.”

Gold Dust Self-Storage will be situated on approximately 2.1 acres and will feature three stories above ground and one below ground.  The building will contain ±117,567 gross square feet and ±82,505 square feet of net rentable space.  Construction of the project is being handled by TLW Construction, Inc.

Scottsdale Company Purchases 1.6 Acres in Growing Tucson Suburb

ORO VALLEY, ARIZONA – Scottsdale-based 1784 Capital Holdings, LLC, has purchased 1.61 acres of land at 11061 N. Oracle Rd. at Steam Pump Village in Oro Valley, Arizona. The company plans to build a $10 million, Class A self-storage facility to fulfill the growing demand for storage in the Tucson suburb.

“According to Fortune Small Business Magazine, Oro Valley is one of the best places in America to live and expand a small business,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “This rapidly growing Tucson suburb is home to several bioscience and high-tech companies, and, as a result, households there have some of the area’s highest per capita incomes. These conditions have created pent-up demand for premium self-storage.”

1784 Capital Holdings plans to build a 108,533-square-foot self-storage facility that will contain approximately 807 storage units. The property will be visible and easily accessible from Oracle Road. It will also feature state-of-the-art, 24/7 security.

The same buyer, 1784 Capital Holdings acquired 2.81 acres at 121 W. Orange Grove in Tucson last year and recently opened Phase I of a two-level, freestanding self-storage facility on the property with 532-units doing business as Life Storage. 1784 Capital Holdings is a leader in the development and ownership of institutional quality self-storage facilities and plans another 716-units in Phase II on this site.

“The self-storage industry is experiencing an impressive evolution that includes customer-focused features not previously included in storage facilities,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “We pride ourselves on creating climate controlled, amenity-rich developments that offer the ultimate in convenience for customers.”

The company purchased the property from Evergreen-Steam Pump, LLC, for a price of $525,000 ($7.50 PSF). Brenna Lacey and Dave Hammack at Volk Company in Tucson represented the seller and Denise Nunez of NAI Horizon in Phoenix represented 1784 Capital Holdings.

“I’ve represented 1784 Capital Holdings numerous times, and have always found them to be very responsive and deliver on their commitments,” says Nunez.

TLW Construction of Gilbert, Arizona, will be the contractor, and groundbreaking is scheduled for November of 2017.

For more information, Nunez should be contacted at 602.393.6784 and Lacey and Hammack are at 520.326.3200, for more on 1784 Capital Holdings, visit www.1784Capital.com.

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Sale date: 8/14/2017. Sale Price $525,000. Document #2017-2260276. APN: 220-08-454A.