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Jernigan Capital Announces Self-Storage Project, Completes 3 Facilities

By Tony Seruga

The company is investing $8 million in a new facility in Jacksonville that will break ground by the end of the year. Three similar developments in which it invested are now operational.

Jernigan Capital Inc. closed an $8 million investment in a 749-unit multi-story, climate-controlled self-storage facility in Jacksonville, Fla. The proposed 68,700-square-foot ground-up project will be built by Structure Development LLC and will break ground in the fourth quarter of 2017. Construction work is expected to be complete by the end of 2018.

The facility will be located on Edison Avenue, half a mile from downtown Jacksonville, and will be visible from interstates 10 and 95. Brooklyn Station, a new Fresh Market-anchored retail destination and several new, upscale apartment communities are situated nearby. This is the third self-storage project in which Jernigan and Structure are co-investors…

Jernigan Capital Announces Self-Storage Project, Completes 3 Facilities

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