1784 Capital Holdings buys land for new Cave Creek storage facility

An artist’s rendering of a self storage facility set to go at 4725 E. Dynamite Blvd. in Cave Creek. (Submitted photo)

Scottsdale-based 1784 Capital Holdings, LLC, has purchased five acres at 4725 E. Dynamite Blvd. in Cave Creek with plans for a high-end self-storage facilities.

“This area in the northern portion of Metro Phoenix is one of the most fast growing in the state,” Shane Albers, chairman and CEO of 1784 Capital Holdings, said in a prepared statement.

“As residential and business growth expands in the area, we see an opportunity to provide much-needed, high quality storage facilities. Our properties provide unparalleled amenities, cleanliness and security.”

The property is at the southwest corner of the intersection of Tatum and Dynamite boulevards. The intersection also features two retail centers and a variety of schools, residential communities, churches and equestrian facilities surround the site, according to a press release.

1784 Capital Holdings, LLC, a Delaware LLC purchased the property from P&G Properties LLC, and Arizona LLC.

“This area of north Phoenix is experiencing a pent-up demand for high quality, climate controlled storage space,” Kelly McKone, executive vice president of real estate for 1784 Capital Holdings, said in a prepared statement.

“As more residents relocate to this part of the city, the need for more storage will only increase.”

Tatum Self-Storage will feature three stories above ground and one below ground, totaling 120,182 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 variety of tenant services.

Completion of the project is planned for the first quarter of 2020.

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