SIG acquired a 735 unit, existing self-storage facility in Corsicana, Texas. The facility conveyed with a 2 acre vacant lot with zoning to allow for self-storage use. SIG will develop the land to add an additional 20,000 square feet of climate controlled self-storage. The opportunity also came with a 5-bay car wash, U-Haul truck rental business, and a FedEx/UPS drop.
Commercial development and operation of a self-storage facility, car wash and U-Haul Rental Center.
5-year project hold with a refinance in year three.