November 26, 2017
A developer obtained an $8.1 million construction loan from a bank to build a self-storage facility in Plantation, illustrating new respect for self-storage as a real estate asset class. Operating under the name Preferred Storage, the self-storage facility will span 101,533 square feet. The three-story facility will be built at 4589 West Sunrise Boulevard on a 4.2-acre site. Construction is expected to be completed by mid-2018.