02 Apr 2019
Phoenix, Arizona–Scottsdale-based 1784 Capital Holdings, LLC, has purchased five acres located at 4725 E. Dynamite Boulebard in Cave Creek. The developer plans to create a state-or-the-art, institutional facility on the site.
“This area in the northern portion of Metro Phoenix is one of the most fast growing in the state. As residential and business growth expands in the area, we see an opportunity to provide much-needed, high quality self storage facilities. Our properties provide unparalleled amenities, cleanliness and security.”
-Shane Albers, chairman and CEO, 1784 Capital Holdings
The property is situated at the southwest corner of the intersection of Tatum and Dynamite boulevards. The intersection also features two retail centers and is surrounded by a variety of schools, residential communities, churches and equestrian facilities.
1784 Capital Holdings, LLC, a Delaware LLC purchased the property from P&G Properties LLC, and Arizona LLC.
Hawthorne Self-Storage will feature three stories above ground and one below ground, totaling approximately 120,784 square feet of space. The Class A, climate-controlled development will include convenient ingress/egress, diamond polished floors, state-of-the-art security and a collection of tenant services. Completion of the project is planned for first quarter 2020.
Scottsdale-based 1784 Capital Holdings is a leader in the planning, management and ownership of institutional quality self storage facilities. The leadership of 1784 Capital Holdings bring more than 30 years of storage sector experience in lending, operating and real estate brokerage. The company’s priority is to fulfill the growing demand for quality storage in metropolitan markets, planning and implementing new self storage facilities and strategically acquiring existing storage properties while also acquiring and repositioning existing big-box retail properties.
1784 Capital Holdings focuses on complex developments located in the Top 50 metropolitan areas of the United States and similar cities abroad. Specifically, the company seeks challenging projects within dense, high barrier to entry markets where growth is dynamic and rents are compelling. 1784 Capital Holdings embraces properties that bring entitlement challenges and requirements for significant capital.
