{"id":1004185762,"date":"2017-08-03T06:18:56","date_gmt":"2017-08-03T14:18:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185762"},"modified":"2022-12-08T05:10:52","modified_gmt":"2022-12-08T13:10:52","slug":"former-nc-kmart-becomes-70-ksf-self-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/former-nc-kmart-becomes-70-ksf-self-storage-facility\/","title":{"rendered":"Former NC Kmart Becomes 70 KSF Self-Storage Facility"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004185764\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004185764\" data-attachment-id=\"1004185764\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/former-nc-kmart-becomes-70-ksf-self-storage-facility\/astonstorage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 7&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1501519656&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.99&quot;,&quot;iso&quot;:&quot;20&quot;,&quot;shutter_speed&quot;:&quot;0.00021901007446343&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"AstonStorage\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg?w=800\" loading=\"lazy\" class=\"wp-image-1004185764 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg\" alt=\"The self-storage facility in Monroe, N.C. \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/AstonStorage.jpeg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004185764\" class=\"wp-caption-text\">The self-storage facility in Monroe, N.C.<\/p><\/div>\n<p>Aston Properties opened a 70,000-square-foot climate-controlled self-storage facility in Monroe, N.C., at the site of a former Kmart building. Aston Properties purchased the old retail building one year ago and spent nine months converting the space, while investing $1.7 million in interior and exterior upgrades. The new property will be managed by one of the largest operators in the U.S., Extra Space Storage.\u00a0<\/p>\n<p>Located at 2120 W. Roosevelt Blvd., across from the Monroe Crossing Mall, the facility features a new facade, with units\u00a0ranging from 25 to 300 square feet. The property includes drive-up access, 24-hour video surveillance and electronic gate access. Outparcels at the Monroe site will become a national restaurant, a gas station and a convenience store. All these transactions are expected to close during the fourth quarter of this year.<\/p>\n<h2>Struggling with online retail<\/h2>\n<p><em>\u201cWith a highly visible location close to nearby residential communities, this property is well-suited for an attractive, safe storage facility,\u201d<\/em> said Aston Properties Director of Acquisitions and Dispositions Jamie Kneisel, in prepared remarks.<\/p>\n<p>In an attempt to minimize loss and improve financial result, many retail spaces across the U.S. are being repurposed. Aston Properties is in the process of switching a former Kmart in North Charleston, S.C., into a 127,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/aston-properties-inks-lease-in-charleston\/\">customer care center<\/a> for T-Mobile. The facility is slated for completion in\u00a0the first quarter of 2018.<\/p>\n<p><em>Image courtesy of Aston Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aston Properties made its first retail to self-storage conversion by transforming an old Kmart store in Monroe into a self-storage property that will be managed by Extra Space Storage. <\/p>\n","protected":false},"author":238,"featured_media":1004185764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21783,21742,32781],"tags":[36555,35738,36554],"class_list":["post-1004185762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-investment","category-latest","category-southeast","tag-aston-properties","tag-extra-space-storage","tag-kmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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