PACE Equity, the leader in PACE financing for development projects, has awarded its CIRRUS Low Carbon verification to StorCo Self-Storage, a storage facility located just outside of St. Louis in St. Peters, Missouri.
With $3 million in Commercial Property Assessed Clean Energy (C-PACE) financing, the building will significantly reduce carbon emissions and offer an appealing storage solution for customers who value sustainability.
The project developer, St. Peters Storage LLC, identified an unmet local demand for self-storage and designed a new, semi-conditioned storage facility featuring 365 units and over 67,000 square feet. The design includes improvements to the building envelope, lighting, HVAC and plumbing systems, which align with PACE Equity’s CIRRUS Low Carbon design specification, the only financing option that offers lower rates for a building’s lower carbon design. PACE Equity’s Low Carbon Center of Excellence, included as part of the CIRRUS Low Carbon offering, provided engineering and design support to equip developers to meet the low carbon design specification.
Now a CIRRUS Low Carbon property verified by PACE Equity and the New Buildings Institute, StorCo can leverage its low carbon status to market the facility as an energy- and water-efficient storage option while enjoying decreased operational energy costs. With its energy efficient improvements, StorCo is saving 3,985 metric tons of carbon and 44% of electricity costs compared to building at baseline code.
