Dandridge self-storage expansion gaining momentum

Multi-story, climate-controlled storage facilities have been filling the development pipeline in Knoxville recently, but it’s not the only place in East Tennessee where that trend is taking root.

In Dandridge, Do-It Yourself Storage this spring opened its third building, a 221-unit structure near the intersection of I-40 and Highway 25-70. Each of DIY’s buildings has two stories, and the newest one includes two sets of stairs and two storage lifts. The buildings are unmanned, with customers able to rent units using an on-site kiosk or DIY’s website.

Owner Megan Maple said her competitors were initially skeptical about whether anyone would choose a second-floor unit, but she said those floors are full in her first two buildings, and they began renting second-floor units in the newest building last month.

“The second floor is $10 cheaper than the ground floor,” she said. “People rent on the second floor to save $10.”

Maple said her facility draws customers from a large region, including Newport, White Pine, Morristown and even Knoxville. While many of those renters don’t need climate-controlled space, she said DIY has kept prices low to fill the buildings up.

A number of multi-story, climate-controlled facilities are on the radar screen in East Tennessee. A Charlotte-based developer is planning a 758-unit facility near West Town Mall, in Knoxville, while a multi-story facility on Middlebrook Pike is currently under construction.

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Large Self Storage Facility Planned Near West Town Mall

By Josh Flory

A Memphis-based REIT announced this week that it will invest $9.1 million in a proposed 758-unit self storage facility near West Town Mall.

In a news release, Jernigan Capital said construction is expected to begin immediately and be finished in the second quarter of 2018. The developer is Charlotte-based Pamlico Investments LLC, and the facility will be managed by CubeSmart.

In April, the Metropolitan Planning Commission approved Pamlico’s plan for a four-story, 96,500-square-foot facility on a 1.3 acre tract at the intersection of Montvue Road and Interstate 40.

The new project is only the latest multi-story, climate-controlled self storage facility to hit the Knoxville market in recent months. A group that includes Ed Campbell and Ed Drummond recently opened Climate Storage, a three-story facility at the intersection of Hardin Valley Road and the Pellissippi Parkway. The same group is currently developing another facility at Middlebrook Pike and Joe Hinton Road.

Meanwhile, the conversion of a former furniture store on Parkside Drive, overlooking Interstate 40, was completed last year.

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