Inland Private Capital Corporation and Devon Self Storage Holdings recently delivered a 731-unit self-storage property in Springfield, Missouri.
The opening marks the ninth self-storage redevelopment delivery on behalf of an affiliate of IPC.
Located within close proximity to downtown Springfield and Missouri State University’s campus, the former newspaper processing facility was converted into approximately 81,500 square feet of class-A self-storage. Approximately 75% of the units offer climate-controlled space, with an interior drive-through lane and management office.
To date, IPC’s self-storage portfolio includes 179 properties across 30 states. On average, assets in IPC’s stabilized portfolio of self-storage assets are approximately 82 percent occupied.
