Lakewood Ranch Self Storage

Investor Update:  4/24/18

Dear Investor(s):

We hope everyone is doing well.  As we enter the final weeks of construction, we wanted to provide the following update for you.

  • K-1s were distributed to all investors.  Please let us know if you did not receive them.
  • The agreement with Extra Space has been completed.  Detailed information about Extra Space can be found on their website.  Click Here To Visit Website
  • Vertical construction budgets are still on target.  While we had anticipated completion in late April / early May, construction of the facility was slowed by a number of factors, including supply chain delivery schedules and a revision to the buildings that necessitated a re-submission to the master developer’s Plan Review Committee (“PRC”).  Briefly, a bay door not approved by the PRC was being installed throughout the project; and, rather than face additional delays and issues related to re-order and replacement of the doors, the decision was made to re-submit the matter through PRC – which approval was ultimately given.  A revised completion schedule was generated last week and shows completion of the facility the week of June 1 with final inspections and CO (Certificate of Occupancy) the week of June 15.
  • Based on the revised completion schedule we are reviewing the proforma but don’t anticipate any significant change.  
  • ExtraSpace expects to begin taking reservations for the facility around May 15th, approximately 30 days before opening.
  • Management will arrange for a site tour date as we get closer to an opening date.  Invitations will be emailed out. 
  • Progress photos are posted below.  The images showing asphalt are from April 23.  The aerial photographs are from a couple of weeks ago on April 9.

If you have any questions, please don't hesitate to contact:  Peter Gardner (407) 679-1748 ext. 114 / email

Thank you.

 April 23, 2018

April 23, 2018

 April 23, 2018

April 23, 2018

 April 9, 2018

April 9, 2018

 April 9, 2018

April 9, 2018


LOCATION:  10810 Internet Place, Lakewood Ranch, FL 34211