ExtraSpace Storage located at 8000 Telegraph Road in Severn, Maryland was originally a 200,000 SF industrial warehouse on approximately 22-acres of land in Anne Arundel County. the building underwent a conversion after a successful rezoning process to allow for self storage uses. This key modification provides for multiple options and flexibility, a benefit under today's market conditions.

 

Key Factors:

  • High daily traffic count of approximately 22,000 vehicles a day - the majority of self-storage users choose their location while driving.

  • The storage facility is highly visible from Telegraph Road where the average household income in the immediate area is $110,000 per year which is high versus the other counties in Maryland.

  • Competing projects in the area are within a 1.5 mile radius, strong evidence of a market void in the area of the proposed site.

  • The demographic profile of the residential base is strong and 8000 Telegraph is also attractive for the commercial sector and professional employees.

Project Specifications:

  • Consists of 105,000 of drive-in storage units from small to extra large.

  • 9,000 SF of large units that can be accessed from the exterior of the building.

  • 62,000 SF of open space to accommodate RV's, Boats and other large items.

  • 7,200 SF of outside building storage