Funding and Developer: JLL Capital Markets arranged an $18.2 million loan for LaTerra Development, with Calmwater Capital as the lender.

Facility Details: Raymer Self Storage will be a 65,220-square-foot, 1,017-unit facility, including 705 mini-storage units and 312 locker units.

Amenities: Features include 24-hour surveillance, controlled access, climate-controlled units, and rooftop solar panels.

Location Advantage: Located at 14876 Raymer St., the facility is in a densely populated area with over 755,000 people within five miles and near major transit routes, including I-405, Van Nuys Airport, and the Metrolink Expansion Line.

High-Demand Market: Los Angeles, one of the most storage-constrained markets in the U.S., is an ideal location for Raymer Self Storage.

Affordable and Efficient: At under $35 per square foot, the modular units cost significantly less than other options and can be assembled in under four hours by two workers with basic tools.

Space Optimization: These single-story units can be placed in setbacks and easements, allowing owners to monetize unused spaces. They can also stack up to three stories, reducing construction time by 50%-60% and costs by 40%-50%.

Customization Options: Units are customizable with options for corporate colors, climate control, and different door and partition choices. Sizes range from 8-10 feet wide and up to 40 feet long, with popular sizes being 10’ x 10’ and 10’ x 20’.

Durability: Built to withstand extreme weather conditions, these units have been tested through hurricanes, typhoons, and fires, showing potential appeal for use beyond self-storage, including in apartment and commercial properties.

Affordable and Efficient: At under $35 per square foot, the modular units cost significantly less than other options and can be assembled in under four hours by two workers with basic tools.

Space Optimization: These single-story units can be placed in setbacks and easements, allowing owners to monetize unused spaces. They can also stack up to three stories, reducing construction time by 50%-60% and costs by 40%-50%.

Customization Options: Units are customizable with options for corporate colors, climate control, and different door and partition choices. Sizes range from 8-10 feet wide and up to 40 feet long, with popular sizes being 10’ x 10’ and 10’ x 20’.

Durability: Built to withstand extreme weather conditions, these units have been tested through hurricanes, typhoons, and fires, showing potential appeal for use beyond self-storage, including in apartment and commercial properties.