San Diego Investor Enters Spain
San Diego-based JK
Investment Properties (JKIP), a self-storage developer with facilities
in Arizona, California and Nevada, is breaking into the Spanish market
with multiple projects in the Madrid area. Company co-founders Jeff
Quinn and Ken Weiner partnered with Yale USA, a San Diego real estate
investment company, to facilitate the expansion.
The first facility, with an opening slated for March, will have 65,000
square feet in more than 700 units. Two more properties have been
purchased in Arganda del Rey and Rivas, based on the success of other
stores that recently opened nearby. Quinn said facilities in the area
are commanding rental rates higher than JKIP’s projections.
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As seen on the Inside Self-Storage website. |
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