The self-storage industry is alive and well. Investment Banker cites, “self-storage units are growing so fast that in 2016, there were more than 58,000 self-storage facilities in the U.S. with a total of 32 million units covering over 2.3 billion square feet of storage space. The total square miles of self-storage facilities in the U.S. is almost three times the size of Manhattan.”
Alexander Harris, is a journalist who covers the self-storage industry also reported earlier this month that, “the average yearly revenue for the industry is $39 billion and 9.4 percent of United States households currently rent a self-storage unit.” Self-storage unit rental costs also vary from state to state depending on demand and location.
Chad Risinger is the owner of Eagle Convenient Storage located at 114 SW Eagles Parkway in Grain Valley. The property is scheduled to open at some point in April 2020 depending on the cooperation of the weather as final construction touches are completed.
Risinger has worn different hats in his professional career. The former homebuilder and bar owner is excited about his new business venture.
“Grain Valley is a growing city. My past experience building homes in the community led me to want to own a business here. I’ve always wanted to be a real estate developer,” Risinger said.
“There’s a demand for storage units. This business will fulfill a need for the community. This is a good first step in owning property in that there’s a lot less technical development that comes with building a self-storage facility that makes this a good first step for me.”
Risinger continued, “Who doesn’t want more garage space? I know I’ve filled up a three car garage myself before with extra stuff we accumulate and need. Getting extra space is useful. Seasonal demands also come into play as you may need to get your boat out of your driveway during the winter months.”
The most common unit size for Eagle Convenient Storage will be 10’ x 20’ units. The first phase of the business will consist of 72 units, 13 of which will be climate controlled. The second phase of the property will have approximately 100 additional units.
Risinger intends to be competitive in the market when he announces leasing prices for units near his grand opening. Those interested in renting self-storage units from Eagle Convenient Storage may do so online at www.goeaglestorage.com (currently under construction) or by phone at 816-699-3900.