Fernley Self Storage purchases Old Highway 40 buildings

The Fernley Reporter

Fernley Self Storage LLC has completed the purchase of a mini storage facility at 810 Old Highway 40 in Fernley.

The Highway 40 property includes 9,735 square feet of storage across 39 units of 10 by 24 feet; five units of 8 by 8 feet; and 25 RV/boat storage spaces, the Quintero Tire Building and the Fernley Hay & Grain building.

Including minor tenant improvements, the transaction was valued at $989,400.

Nevada State Development Corporation, the state’s largest SBA 504 loan provider, assisted with the finance package in partnership with Heritage Bank of Nevada.

“We could not be more pleased with the location of our facility in the heart of a rapidly growing region,” said Dan Douglass, owner of Fernley Self Storage. “The Fernley area is in the heart of a major growth cycle, with the city’s residential population projected to grow to 30,000 by 2021 — an impressive 50% increase from the 2010 census.”

Evan Dickson, president of Nevada State Development Corporation, said: “The site of Fernley Self Storage is an extremely promising one. It sits 11 miles from the homes of Tesla, Google, Apple and other high-tech companies that are bringing thousands of new jobs to the region. In fact, Fernley itself will soon be home to Northern Nevada’s second-largest industrial park. Fernley Self Storage is exceptionally well-positioned to capitalize on the area’s blossoming economic opportunities.”

For more information about Nevada State Development Corporation, visit www.nsdc.com.