{"id":1004206780,"date":"2018-02-13T10:17:54","date_gmt":"2018-02-13T18:17:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004206780"},"modified":"2022-12-07T22:58:30","modified_gmt":"2022-12-08T06:58:30","slug":"jernigan-continues-self-storage-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jernigan-continues-self-storage-investment\/","title":{"rendered":"Jernigan Continues Self-Storage Investment"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004206781\" style=\"width: 315px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004206781\" data-attachment-id=\"1004206781\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jernigan-continues-self-storage-investment\/cascade-storage-partners\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"3216 Winnetka Avenue, Minnesota\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3216 Winnetka Avenue, Minnesota&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg?w=800\" class=\"wp-image-1004206781 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg\" alt=\"3216 Winnetka Avenue, Minnesota\" width=\"305\" height=\"237\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Cascade-Storage-Partners.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 305px) 100vw, 305px\" \/><\/a><p id=\"caption-attachment-1004206781\" class=\"wp-caption-text\">3216 Winnetka Avenue, Minnesota<\/p><\/div>\n<p>Jernigan Capital Inc. has invested $11.7 million in a proposed, 813-unit self-storage facility in Minneapolis. Cascade Storage Partners LLC will redevelop an existing building into a multi-story self-storage asset. Construction is planned to commence in the second quarter of 2018, and it is slated for completion by the same time in 2019.<\/p>\n<p>At 3216 Winnetka Ave., the facility will be located near Highway 169, six miles from downtown Minneapolis, within the New Hope community. The project will be closely situated to retailers including Super Target, Whole Foods, Apple, Walmart and Nordstrom.<\/p>\n<p>The new storage facility will also profit from the area\u2019s growing multifamily market; 10 new, luxury multifamily communities are renting one-bedroom units at rates of $24 per square foot. The 83,114-net-rentable-square-foot\u00a0property will feature climate-controlled units and ground floor drive-through.<\/p>\n<p>Jernigan Capital Inc. last year invested a total of $409 million in storage facilities across the country. The company ended the year with two investments totaling $26.2 million, which expand the Boston and <a href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-brings-annual-investments-to-409m\/\">Hackensack N.J. self-storage market<\/a>s.\u00a0<\/p>\n<p><em>Image courtesy of Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has invested nearly $12 million in a proposed 813-unit storage facility in Minneapolis. The project is slated for completion by the second quarter of 2019. <\/p>\n","protected":false},"author":871,"featured_media":1004206781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,36076,21742],"tags":[33293],"class_list":["post-1004206780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-minneapolis-st-paul","category-latest","tag-jernigan-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Jernigan Continues Self-Storage Investment - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-continues-self-storage-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jernigan Continues Self-Storage Investment\" \/>\n<meta property=\"og:description\" content=\"The company has invested nearly $12 million in a proposed 813-unit storage facility in Minneapolis. 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