Diamond Point Development, in partnership with Castle Hill Investors, LLC., has recently announced the opening of its newest Life Storage state-of-the-art, Class A self-storage facility in East Cobb, near East Lake Shopping Center and the 120 Loop at 1745 Roswell Road in Marietta. Diamond Point Development is headed by brothers East Cobb resident Jason Sommer and Atlanta resident Aaron Sommer, who are both experienced in all facets of commercial real estate, including ground-up self-storage development and asset management.
“A big driver of self-storage was the closing of in-person college classes, such as nearby Kennesaw State University, due to COVID. This caused an immediate need for college students to store their furniture, clothes, etc.,” said Jason Sommer, Principal, Diamond Point Development. “It turned out to be an unexpected boom for self-storage occupancy levels – in Georgia as well as nationally.”
Millennials are one population in the area that utilizes the Marietta Life Storage self-storage facility, as they are more transient than the older generations. They tend to move more often and prefer to rent than buy. Additionally, this facility is located in close proximity to a cluster of East Cobb apartment complexes which lends itself to storage.
“As a result of the COVID pandemic, people are spending more time in their homes and have the need to reduce clutter to make more room for the ‘new normal’,” said Sommer. “Likewise, businesses are accommodating for new social distancing protocols such as restaurants storing excess tables and chairs. Approximately ten percent of all Americans use self-storage. The need to store valuables cuts across economic and demographic boundaries.”
“When people are in life transitions as so many are these days, self-storage can be an important and valuable resource, and we are pleased to serve the Marietta community through this upscale, professionally managed facility,” said Sommer
Life Storage, Inc. is a self-administered and self-managed equity REIT that operates more than 875 storage facilities in 29 states and Ontario, Canada. Contact-free leasing will be available through Life Storage, Inc.’s Rent Now program. Storage units may be leased online, over the phone or in person.
At 104,000 gross square feet, the Marietta Life Storage facility is four stories and is complete with 793 climate control units, a free move-in truck, and vehicle parking spaces. For leasing Marietta Life Storage information, click here: Marietta Life Storage.