Joule Capital Ventures Opens New Texas Self-Storage Facility, Acquires Single-Tenant Building In Jacksonville, Texas
BISWIRE/ Dec. 5, 2023 — Joule Capital Ventures (JCV) recently opened a new storage facility in Jacksonville, Texas, with an additional acquisition of a nearby building in close proximity.
The main facility, Pro-Storage of Jacksonville, is a climate controlled conversion of an existing distribution center formally owned by Stage Stores Inc. The 125,000 sqft facility is composed of a single upstairs space encompassing 91,000 sqft and a downstairs single tenant space of 34,000 sqft currently occupied by longtime tenant Concentrix, Inc.
JCV gutted the entire upstairs portion of the building and made major renovations to the HVAC, electrical, lighting, insulation, roofing, and other building systems.
A Janus hallway system was then installed to provide a facility offering 100% climate control on all units with keypad entry and sliding door access to all tenants. The facility was also enhanced with numerous exterior improvements. The new facility now includes 449 climate-controlled storage units ranging in size from 4x4 to 10x35.
JCV’s second acquisition is a 78,000 sqft single tenant building located approximately 1.5 miles away from Pro Storage. This facility will serve as a single tenant rental space and a possible expansion building for Pro Storage. Plans for the facility include exterior and interior enhancements to better accommodate future tenant needs.
“We are very excited about these acquisitions and the successful conversion of the Pro Storage facility,” said Erik Osterhus, CEO and founder of Joule Capital Ventures. “We saw an opportunity to be the leader in the Jacksonville market and our initial lease up has been strong. In addition, it has been wonderful working with the City of Jacksonville.”
Joule Capital Ventures, headquartered in Houston, Texas, is a developer, general contractor, and operator of self storage and commercial warehouse facilities. The principal has owned and operated more than 1.7 million square feet across 30+ properties in five states. We provide both accredited and non-accredited investors with the opportunity to invest in high-potential acquisition, conversion, and development projects. JCV also provides partnership opportunities and consulting services for other principals with self storage and construction projects. We focus on adding value through improved operational management and construction enhancement.
For more information about the Jacksonville projects, questions regarding potential investment opportunities, and consultation regarding your own project, visit us at Joulecapitalventures.com or reach our investor relations team at investors@joulecapitalventures.com
