{"id":1004496724,"date":"2020-12-03T05:58:57","date_gmt":"2020-12-03T13:58:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004496724"},"modified":"2025-02-26T06:17:24","modified_gmt":"2025-02-26T14:17:24","slug":"insite-property-group-debuts-los-angeles-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/insite-property-group-debuts-los-angeles-storage-facility\/","title":{"rendered":"InSite Property Group Debuts Los Angeles Storage Facility"},"content":{"rendered":"<div id=\"attachment_1004496727\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004496727\" data-attachment-id=\"1004496727\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/insite-property-group-debuts-los-angeles-storage-facility\/722-w-220th-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..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;0&quot;}\" data-image-title=\"722 W. 220th St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;722 W. 220th St. &lt;i&gt;Image courtesy of InSite Property Group&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg?w=800\" class=\"wp-image-1004496727 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/722-W.-220th-St..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004496727\" class=\"wp-caption-text\">722 W. 220th St. <i>Image courtesy of InSite Property Group<\/i><\/p><\/div>\n<p>InSite Property Group has debuted a Class A SecureSpace Self Storage property in Torrance, Calif. The facility provides 71,000 rentable square feet of climate-controlled space.<\/p>\n<p>The developer acquired the site for $5.6 million from Wentworth Property Co. in December 2019. One month later, Valley National Bank originated an $11.1 million construction loan for the project, according to Los Angeles County records.<\/p>\n<p>The property occupies a 2-acre parcel at 722 W. 220th St. The three-story facility provides all climate-controlled units ranging between 25 and 250 square feet, as well as 480-square-foot covered parking lots for RVs and boats. The store has an on-site manager, drive-up access, video monitoring and sells packing and moving supplies.<\/p>\n<p>The site is a short distance from the Harbor-UCLA Medical Center. The facility is situated just off Interstate 110, which has a daily traffic count of 270,000 vehicles, according to SecureSpace. Additionally, there are at least 26 other self storage assets encompassing more than 2.1 million square feet within a 3-mile radius, Yardi Matrix data shows.<\/p>\n<p>Last month, InSite Property Group <a href=\"https:\/\/www.commercialsearch.com\/news\/insite-property-group-acquires-1st-dc-area-storage-asset\/\">entered&nbsp;the Washington, D.C. market<\/a> with the acquisition of two self storage properties from Coakley Realty. The assets total 100,799 square feet and are located in Lanham, Md.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company financed the 71,000-square-foot development with an $11.1 million loan originated by Valley National Bank.<\/p>\n","protected":false},"author":867,"featured_media":1004496727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1594,21742,15],"tags":[49642],"class_list":["post-1004496724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-los-angeles","category-latest","category-west","tag-insite-property-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InSite Property Group Debuts Los Angeles Storage Facility - 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