Basis Industrial, a privately held and vertically integrated real estate owner and operator, has officially opened a new construction self-storage facility in Plymouth, MA. Located at 5 Resnik Road, the three-story facility spans 111,000 square feet and features 806 climate-controlled units. The property, acquired by Basis in November 2021, boasts advanced security systems and other amenities. Public Storage has been appointed as the third-party manager for the facility, which marks the second location Basis has opened since its rebranding from MCSS properties.

Summary of transaction details

• Property Type: Self-Storage Property
• Transaction Amount: $13,100,000
• Market: Plymouth, MA
• Lender: TD Bank
• Landlord: Basis Industrial
• Loan Type: Construction
• Total Development Costs: $15,500,000
• Construction Completion Date: 10/25/2023

Basis Industrial, based in Boca Raton, Florida, is a major player in real estate development and operations. The company strategically acquires land for various property types throughout the country and vertically integrates its operations. With the opening of this self-storage facility, Basis continues to expand its portfolio and strengthen its presence in the storage industry.