Home News Local News Real estate broker starts new storage business

Real estate broker starts new storage business

AG Services Construction Inc. is doing site preparation work on the North Sycamore Avenue property that will be the location of Sycamore Storage. (Lisa Dunlap Photo)

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Larry Fresquez and his wife are heading up a partnership that has purchased 15 acres on the northwest side of Roswell and has started construction on Sycamore Storage. (Lisa Dunlap Photo)

A local businessman has broken ground on a self-storage facility in northwest Roswell.

The partnership Unchained Ventures LLC, headed by local real estate broker Larry Fresquez and his wife have purchased 15 acres of land on North Sycamore Avenue from Featherstone Farms and is developing four acres of it at this time for Sycamore Storage.
“We feel like there is a need for storage on the northwest side of Roswell,” said Fresquez, who said he has developed more than 120,000 square feet of storage in Roswell and Artesia and currently manages 400 units in Albuquerque.
The new facility, to include four storage buildings and 277 units for residential and commercial customers that will range from 10 x 10 units to 800-square-foot commercial warehouses. The units will have individual alarms, and one of the buildings will offer heating and air-conditioned units. Some units will be enclosed, while some will allow customers to drive up to them. Recreational vehicle parking also will be available, and packing and moving supplies will be sold.
The new operation is expected to be open in September and is expected to employ two leasing agents, Fresquez said.
Although located adjacent to the Spring River Luxury Apartments, Fresquez said that the decision to start the business had nothing to do with the apartment project.
The Roswell City Council approved rezoning of the property to commercial, Fresquez said. At a February Planning and Zoning Commission meeting, some people associated with nearby Gateway Church did object with concerns that establishments serving alcohol eventually could be built on the land, city documents show.
Fresquez said that Unchained Ventures has no plans for developing stores or restaurants serving alcohol. City planning staff recommended the rezoning application, which was approved by the commission.
A recent phone directory lists 15 other storage facilities in the city, while Fresquez said he is aware of 12 in the area. Still, he says, Roswell has enough customers for another one, and expresses confidence that customers will like the “clean, well-maintained” facility Sycamore Storage will offer.
Fresquez said the remaining 11 acres of land will be used for future development, which could include office or professional buildings, or will be “warehoused” until more development occurs in the area.
Senior Writer Lisa Dunlap can be reached at 575-622-7710, ext. 310, or at reporter02@rdrnews.com.