A self-storage company is in expansion mode in Roanoke.
Virginia Varsity Storage Inc. bought for $2.75 million the 93,000-square-foot self-storage and office facility at 1948 Franklin Road SW in Roanoke, according to John Lugar, the owner of Virginia Varsity Self Storage and Virginia Varsity Transfer.
Lugar says plans call for building a three-story, 90,000-square-foot self-storage facility on top of the parking lot at the Franklin Road SW site. Lugar expects the new building to cost around $6 million to build. He says he is in the process of lining up a contractor. Lugar says the new self-storage facility will also serve commercial customers.
“It’s a wonderful area,” Lugar says.
