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Go Store It Debuts CA Facility, Names Chief Investment Officer

Go Store It Debuts CA Facility, Names Chief Investment Officer. Go Store It, Madison Capital Group, Madison, alternative investments, storage, self storage, chief investment officer, CIO, Stephens

Go Store It, the self-storage company subsidiary of Madison Capital Group, opened its first facility in California. Located in the Los Angeles-suburb of Monterey Park between the 710, 10, and 60 freeways, it has 802 climate-controlled units spread over 70,000 square feet.

“We are excited that our first California facility is also in a key market within Los Angeles County, the largest county by population in the U.S.,” said Adam Lentz, West Coast development partner. “Within the San Gabriel Valley, the city of Monterey Park is a high-value submarket with restrictive zoning that has led to a dearth of modern storage options. With a dense, three-mile population of 300,000 and less than 3.5 square feet per capita, Go Store It is eager for the opportunity to meet the needs of a previously underserved community.”

The facility is surrounded by densely populated residential neighborhoods and is the only storage option for nearly a mile in every direction, according to the company. It is located near Cal State Los Angeles and East Los Angeles College, as well as shopping centers: Atlantic Square, Monterey Park Mall, and Atlantic Times Square.

The new facility features a secured entry and dedicated loading area. It is monitored by a high-security platform 24 hours a day, seven days a week.

The Monterey Park news follows the promotion of Evan Stephens to the position of chief investment officer, announced earlier this month. Stephens is spearheading the company’s investment strategy, focusing on deal assessment and investor returns.

“We are thrilled to elevate Evan to CIO,” said Ryan Hanks, CEO of Madison Capital Group. “His strong financial acumen and keen understanding of the self-storage market will be instrumental in driving Go Store It’s continued expansion and market leadership.”

Previously, Stephens served as a senior analyst at Go Store It before leading the company’s asset management team. Prior to joining Go Store It, Stephens was a senior analyst at Jefferies LLC.

“There is considerable capital on the sidelines that has targeted the storage sector. We are focused on finding opportunities to deploy this capital,” said Stephens. “I am very excited to continue to work with our team to deliver consistent and sustainable growth.”

Based in Charlotte, N.C., Go Store It is an affiliate of Madison Capital Group and specializes in acquiring, developing, and managing self-storage assets throughout the United States. As of January 2024, the company has more than 7.5 million square feet of storage space under management and construction.

For more Madison Capital Group news, visit their directory page.