Wanda Extra Space Storage of Ferndale
SYMMETRY MANAGEMENT DEVELOPS SELF-STORAGE FACILITY IN FERNDALE – ONE OF SOUTH-EAST MICHIGAN’S UP & COMING MARKETS
In July 2021 Symmetry Management acquired a 1.89-acre land parcel in Ferndale, Michigan. The site had remained unused for years, but Symmetry Management saw the opportunity for re-development of the existing warehouse totaling approximately 56,134 square feet.
Partnering with Extra Space Storage, and Ronnisch Construction, Symmetry Management is in the process of converting the existing facility into a state-of-the-art appx. 600-unit self-storage facility. The project is slated for completion in Q1 2023.
The site is excellently located off 9-mile with immediate access to I-75 which collectively sees over 17,000 vehicles per day. In a 5-mile radius surrounding the subject property, there are approximately 386,319 residents and 156,649 households. Due to the dense population and heavy traffic flow, Symmetry management was able to identify and fill an immediate demand for self-storage in the market.