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1st self-storage facility opens in Cebu

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STORAGE Town’s Chase Cokaliong said since the facility is so far one-of-its-kind in Cebu, it gained strong interest from a diverse client profile. — THE FREEMAN/EMDAGOOC

THE FIRST self-storage facility in Cebu province, located along Sacris Road in Mandaue City, was recently opened with more than 1,000 units for rent. Dubbed Storage Town, the facility is owned and managed by Cokaliong Shipping Lines Inc. Company scion Chase Cokaliong, who initiated the project together with his siblings, said they already had close to 100 units rented prior to the official launch. The clientele is diverse, he said, including travelers, residential owners who need storage space for seasonal items, restaurants, corporations, out-of-town students, and collectors, among others. The units range from 1.8 square meters to 90 square meters, with a minimum rental contract of one month. The smallest space is priced at P999 per month, while the biggest unit is P50,000. Mr. Cokaliong said they have partnered with real estate and rental broker Filipino Homes to manage some of the units. “Filipino Homes is the biggest realty brokerage firm in the Philippines, we are partnering with them.” Mr. Cokaliong said the storage business is still “unexplored” in Cebu and he sees an upward trajectory in demand. “Space is becoming a premium, and we hope to address that need by providing storage that’s secure and convenient for our customers,” he said. — The Freeman









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