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HomeMy WebLinkAboutPublic Responseo, PUBLIC RESPONSE ITEM DATE SUBMITTED BY P<t I SoZt: ?R,Z C /zozr A*%^ €o t/ulnr ukr oO Debbie Root From: Sent: To: Cc: Subject: Conner Skeen < conners@btrhold.com > Monday, January 6,2020 1:06 PM dsdinfo@canyonco.org;Jerome Mapp; P&Z; Lori Colligan; Debbie Root; April Cabello AJ Osborne; Sam Whitaker Storage Facility Concerns Hey good morning all. This is Conner Skeen with Keylock Storage. We'd like to talk to you about a potential storage facility development coming in next to our existing Keylock Storage facility located at 17792 Middleton Rd, Nampa, ID 83687. We have some concerns we'd like to address and we'd also like to get clarification on how the approval process is being handled and how it will be handled in the future. Let me know what your availability looks like to jump on a quick phone call. Thanks and let me know if you have any questions. Conner Skeen C: (208)365-8552 conners@btrhold.com The information and attachments contained in this email message may be confidential and/or proprietary, add are intended only for review by the individual or entity named above. lf the reader of this message is not the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is strictly prohibited. lf you have received this message in error, please immediately reply to the sender that you have received this communication in error and then delete it. Total Control Panel To: droot(arcityofcaldwel l.ore From: connerc@btrhold.com Message Score: 55 My Spam Blocking Level: High Login High (60): Pass Medium (75): Pass Low (90): Pass Block this sender Block btrhold.com This message was delivered because the contentfilter score did not exceed yourfilter level. 1 aB,t o o Debbie Root From: Sent: To: Cc: Subject: Attachments: Conner Skeen < conners@btrhold.com > Friday, June 11,2021 7:38 PM P&Z; Debbie Root; Katie Phillips; Lori Colligan; April Cabello;Jerome Mapp Ron Osborne Development Concern - Middleton and Ustick Roads Middleton Ustick Dev. Notice 2.pdf; Middleton Ustick Dev. Site Plan.pdf; Middleton Ustick Storage Market Data 1-5 mile radius study.pdf; Middleton Ustick Dev. Notice 1.pdf; Middleton Ustick Storage 3 Mile Radius.png; Middleton Ustick Storage 2 Mile Radius.png Good evening Planning and Zoning Administrators, I hope you're all having a great summer. My name is Conner Skeen. I work for a holdings company and private equity firm that both specialize in self storage acquisition, funding, development, and management. We currently own and operate numerous storage facilities across the U.S., totaling over 1 Million square feet of storage. Being native ldahoans, we own and operate several storage facilities here in our area (ADA and Canyon County). The reason l'm emailing you is because my team and I were notified via mail of yet another proposed self storage and industrial development of a 16.5 acre parcel (R30881011), located on the South West corner of Ustick and Middleton road. This proposal includes a 120,000 square foot storage facility and an additional Lzz,OOO square foot storage warehouse space, for a total of a 242,OOO square foot storage facility. l've attached thqse notices and proposed plans rega rding this project. This project is in addition to another self storage development project, totaling around IOO,OOO square feet, that's taking place right across Middleton road to the East on the South East corner of Ustick and Middleton road. There is also an existing 140,000 square foot self storage facility on the East side of Middleton road, South of Ustick and this current development, and East of this additional proposed development. All said and done, this equates to right around half a million square feet of storage right next door to one another. Not only does this raise concern with the look, feel, and flow of the Ustick/Middleton area with the current direction of residential development, this raises a huge concern in regard to the self storage market in this area. The self storage market is very hyper local, we gauge demand by analyzing various aspects of the overall market and the supply of storage in the 3-5 mile radius of a facility or proposed facility. Generally speaking, we won't develop a facility in an area that has more than 8 square feet per capita. We also generally don't increase supply on the market any more than 15%, as you cannot accurately determine how the market will absorb increases of supply over that amount. As you can see from the data l've attached (see Market Data Study file), the existing and planned square feet per capita, and the percentage increase of supply are both recklessly high. Our decades of experience and thorough analysis of this situation tells us that such a sudden and substantial increase of supply here could decimate the self storage market in this area for years to come. This flood of supply would leave what no city or community wants to see - vacancies and run down, failing storage facilities. All of this said, as you might imagine, me and my team as well as other self storage owners and operators who we work closely with here in the valley, are strongly opposed to this proposed development. We encourage your involvement to oppose this development as wellto help ensure a thriving and wellcoordinated community for allof us. My team and I are happy to help and we're available to answer any questions you might have. 1 ?RE o o 17792 Middleton Rd Nampa, lD 83687 Percentage increase of supply *Population Data from ESRI ** Market Data from Radius+ l Mile 2 Mile 3 Mile 5 Mile L49%68%39%30% Current Supply (Square Footage) 228,767 503,563 L,LOO,624 1,995,894 New Supply (Planning/Permited & Under Construction)340,505 340,505 427,853 604,353 Total Square Footage 569,272 844,068 t,528,477 2,590,247 Population L,763 L3,780 40,7L7 LL8,727 Total SF/Capita 322.9 61.3 37.5 21.8 11o(Pn StRadus: (nihs) O lm zrn ffi m 5{n 'lom Currentlv 482Sm 3.00 mrles TRADE AREA ?17792 Middleton Rd, ]'lamPa,lD 1r/92 Middleton Rd, Nampa, lD 83687, ISelt Storage El 2018 r El 2019 D a2o2o t '.2021 r g Suppry r El Plannhg/Permiled r g Under Coostruc{ion r B Expansion a A NoGactve Pipeline B Hrghlights D Radius Listings C D Matunflgloans r C REIT Facilities r ol, ot oly sil, 6ly mly sh olY dra, oly fit, 6ly h(L Ol,lrr$lDd, Facility Count: Square Footage Cllmate Gmtrolled Non Climate Cootrolled Totd S$He Fodage Recent Deliveries Facilities Rentable SF % of trade atea Ac'tive Danelopmenf PiPeline Planning/Permitted Facilities 3 17 Rentable SF 48.310 1 .052,314 r,l00,624 2019 1 7,'t 35 1t O supply Adiusted for Active Pipeline Facility Count: Square Footage Cunent Supply Active Pipeline Total S$.Ee Fodage 22 o Refltable SF 1,100,624 185,853 1,2,,6,471 Urder Construcl -.Jncy Netnorld Pontahle SF 1 nn qon t*461 H lr,. fid\- n lll t l ,t r $' i\,! t 1 th ! \ t_ n T r-''l ,__lN! I=lt r t t' -r't t II r ," tr (3 lng I r lt ,,KI aa l t--I EI II \ I l0 ol, mly uly srty trrly drly mt mly mly sly oty mty Nampa 40,152 095}) et E ut * tl- SF x j 3 Ir I I ,l l $ l' r tb" & I N , il/ l SetRadtrs: (miles) O r, ffi r, 4m 5m tom Cunenlly. 3218rn. 2 00 milex. i r L l R l ,l I I \tll @ I I a t r \ Self Storage a 2018 r g 2019 tr !l2o2o r !|2021 r g Supply r El PlaflnmglFermitted I g Under Construction r El Expansion r I Non-aclive Pipeline E H,ghhqhts ! Radius Listings C D Matlring Loens t C REIT Fecilitles I \ I I \; I nrE (- a J lr t ! r )\,\N N\ 6A aya \nt a !i\7 lr '\ ! ( tI i I I \ t L IEI E TlJ l : Ir fr3 tta E3 7/I j L ffi t, \ !\.Jri tstrel":l |El I\\t\ T -(^- \--N .l J l ffi u_ g S I z a o o Ustlck Storage, LLC 17848 Middleton Rd Nampa,lD 83687 l2o8) 208-515-4442 douq,:@ustickstorao e.com June 22,2021 City of Caldwelt, Plannlng & Zoning Department Attn: Hearing Examiner 41'l Blaine Street Caldwell, ldaho 83605 Dear Hearing Examiner and city of caldwell planning & Zoning Department, I Doug corsmeier who am the owner of ustick Storage, LLC wish to appeal to both yourself and the Planning & Zoning Department as it pertains to the approval of the Ferney Storage Units which are being proposed at the southwest corner of Ustick and Middleton Road in Caldwell. As you are aware, I have a current building permit at the southeast corner of Ustick and Middleton Road and am in the construction process of building ustick storage. This project has been a long and challenging process, but with excitement my wife and I have now secured an sBA loan and am working to expedite the completion of Phase 1 as soon as possible. ln learning that now another storage project of very large proportion and scope is now being considered, with a direct access point literally right across the street from my access point to my storage is very sad and disheartening to say the least. It has been allwe can do to put together a modest but very applicable phase 1 plan for our current storage, as unlike other builders in the valley, our resources do not allow for large magnitude projects such as what is being proposed for the Ferney Storage Units, though we will have good additional storage capacity once future Phase 2 is built. Furthermore, over saturation / over supply of storage has been an issue within the valley, and now to literally have the congestion of having three storage facilities all within this specific corner is "excessive and overly impacted" to one centralarea. once Ustick Storage is up and running, this willrHEN allow the City of Caldwell to better understand the need or impact of "further additional storage" wlthin the city, but to have a small business owner such as t,**bl,t PPs o o ourselves, who has yet to even get out of the gate with a Grand openlng and now face something of the Ferney magnitude literally across the street BEFORE we can even become established as a business is very sad to consider. My Appeal to the Hearing Examiner and City of Caldweil, Planning & Zoning is to hold or deny the approval of this project at this specific location, and further evaluate and determine the usage of addition storage to the city of caldwell as a whole, elsewhere, but not to such a Confined, lmpacted, and Centralized small area, namely the corner of Ustick and Middleton Road. Thank you for your consideration as we at Ustick Storage will and are committed to providing a valuable storage service and experience to this area and the City of Caldwell for many years to come. Note, from a capacity standpoint, my current project is only building 1 of two total phases, so our ability to meet the additional need will be there as soon as we achieve 6o percent utilization. Thank you again for your consideration. Sincerely, Za.z t Doug Corsmeier, Owner Ustick Storage, LLC 208-51544g2 dou g@ustickstora ge.com L-"-rq CfC'A;tt Rz I