The grand opening of CubeSmart Self Storage of Jacksonville at 3909 Philips Highway is March 18.
The development is a joint venture between MacArthur Holdings, DYO Investments and Live Oak Capital Partners, the companies said in a March 17 news release.
The city issued a permit in June 2024 for ARCO/Murray National Construction Co. to build the CubeSmart at a project cost of $6.11 million.
The three-story, 110,000-square-foot facility includes more than 700 climate-controlled and drive-up units, the release said.
The 1.81-acre site is south of Emerson Street across the street from the Central Park Business Center.
ARCO/Murray National Construction Co. is the architect and general contractor. England-Thims & Miller is the civil engineer. Renasant Bank provided the debt financing for the project.
“This property will be the nicest and most convenient self-storage facility in the area, and we believe it will be a welcome addition to the community,” said Brooks Lumpkin of DYO Investments.
New York-based MacArthur Holdings is a family-owned real estate firm. Atlanta-based DYO Investments specializes in self-storage and retail real estate. Live Oak Capital Partners is a real estate developer based in Atlanta.
Property records show the land for the storage unit is owned by Live Oak Capital Partners through Philips Highway Self Storage LLC.
It bought the property in July 2023 for $817,500.
CubeSmart, headquartered in Malvern, Pennsylvania, says it is a self-administered and self-managed real estate investment trust that owns or manages 1,528 self-storage properties across the U.S.