“We’ve been in the works on this for several years,” Smith said. “We’ve owned the ground and it’s just come time to develop the rest of the property.”
Storage Inns of America has eight locations in the area in with other sites in Beavercreek, Dayton, Huber Heights, Moraine, at Dayton-Wright Brothers Airport in Miami Twp. and in Troy, according to Smith.
Self-storage has been a strong-performing investment for business owners for the past 20 to 25 years, but the coronavirus pandemic has added to the growth, according to industry professionals.
“People are coming to embrace self-storage now,” Smith said. “It’s like having a second automobile. People need extra space to store things - heirlooms and things like that.”
At least three companies have announced plans to move storage facilities into the Dayton area in recent months: Cobblestone Capital at 2121 Harshman Road in Riverside; Larkspur Huber Heights at 7650 Waynetowne Blvd. in Huber Heights; and LDI Hospitality Management at 2455 Dryden Road in Moraine.
The industry’s popularity prompted Centerville City Council earlier this year to place a one-year moratorium on self-storage facilities.
But Centerville officials said the ban, in general, does not apply to expansions and the city approved plans by Storage Inns of America before passing the moratorium.
The 44,000 square foot expansion on Bigger Road will have a large selection of heated and air conditioned one-car garages as well as smaller climate monitored spaces with controlled security access, Smith said.
New units are expected to be available in the fall, he added.
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