Boca Raton-Based Basis Industrial Opens Climate Controlled Storage Facility in Plymouth, MA
Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, officially opened its new construction self-storage facility located at 5 Resnik Road, Plymouth, MA 02360 on Oct. 25, 2023. Basis Industrial acquired the land on which the storage facility was built in November 2021.
After purchasing the property in 2021, Basis Industrial broke ground on the state-of-the-art self-storage facility in March 2022. The project was developed in two phases and was completed in about 16 months. The 111,000-square-foot three-story facility features 806 climate-controlled units, advanced security systems, and other amenities. Basis Industrial is having a third party, Public Storage, manage the facility.
Basis Industrial chose this location in Plymouth through its proprietary sourcing methods. The site had desirability due to low supply, growing population and increasing average household income. Basis acquired the development site from Henry Stout in November 2021 for $3.5 million. This was an off-market acquisition.
Basis Industrial, which is expanding its portfolio of industrial and commercial properties across the U.S., currently has 15 storage projects at varying stages of completion throughout the U.S.
“It’s extremely exciting to announce the grand opening of our new construction state-of-the-art self-storage facility in Plymouth, MA,” said Anthony Scavo, president and COO of Basis Industrial. “We saw a great opportunity when we purchased the land in November 2021, and it’s rewarding to see the development completed and the facility opening.”