SanTan Sun News Staff
Scottsdale developer of luxury storage units, small planes, and other large toys purchased two large lots in Chandler Industrial Business Park for $2.75 Million.
According to Valley real estate tracker vizzda.com, Wesley Development Company paid $13.37 per square foot for approximately 4.7 acres at the southwest corner of Gilbert and Germann roads.
The land, zoned Industrial, is home to the buyer’s Toy Barn Chandler Luxury Garage Ownership facility in an area that’s adjacent to Chandler Airport that is scheduled to open next year, according to the company’s website.
A marketing brochure for the property listed six lots with sizes ranging from 35,381 to 98,160 square footage. There was also the potential for buildings of varying heights between 28 and 30 feet.
Toy Barn Luxury Garage Ownership doesn’t just offer storage for cars, boats, RVs, racecars, motorcycles and off-road vehicles.
It’s a community for vehicle enthusiasts, Jason Wesley said in an interview last year with a sister paper of the San Tan Sun News.
Each unit comes with amenities such as prewired internet, TV access, plumbing and insulated walls and ceilings. There are also RV outlets, electric garage door openers, community toilets and access into clubhouses.
Paul and Jason Wesley are the father-son team behind Toy Barn. Since opening their first location at Cave Creek Road and Peak View roads in 2010, Toy Barn has grown its business. Originating from Ohio, they were subdividers of residential land before becoming involved in luxury garages in 2008.
Jason claimed that luxury garages existed in the East Valley at the time they started their business but not in North Scottsdale.
“We were really trying to accommodate people who lived in the North Scottsdale communities who didn’t have any additional storage options. It’s real-estate ownership, so it’s an investment versus just paying rent on a storage facility,”He said.
“A lot of them have been around 10 years. They have double-lot equity. They get the tax benefits that come with real-estate ownership.”
Because there were so few businesses like these, they had no choice but to do it themselves. “It’s extremely niche,”Jason said. “There was no roadmap for getting into the garage/condominium business when we did.”
Their time in the luxury garage industry has been a learning experience. They have continued to adapt, particularly during delays in new constructions due to the pandemic.
“We have learned quite a bit about the construction process, the challenges associated with it, how to manage those challenges, managing schedules and people’s expectations, what works and doesn’t work,”Jason said. “We try to incorporate the lessons learned from every community into the new one.”
Both men have their own lives “toys”They also enjoy hobbies in their spare moments. Paul has an antique Indian motorcycle and Jason loves flying a Cirrus plane.
Jason said he’s also interested in Porsches, and his father enjoys ’60s-era Corvettes.
One of the best things about owning a luxury garage is the ability to allow clients to test drive vehicles.
“It’s always nice when they say, ‘Just take the Porsche for the day,’”Jason said.
Jason and Paul have five locations including the Chandler Airport site.
Jason stated that there has not been much turnover in units and some owners have space in other facilities.
He explained that garage construction can be expensive and that most communities have CC&R regulations which prohibit the addition of garages.
Toy Barns provide a luxurious garage experience for those who need space for their vehicles, family treasures, or automobilia like neon signs or vintage gasoline pumps. They have 24-hour access.
Clubhouses adjacent to each other offer amenities such as plush seating, flat screen TVs, full-sized kitchens, and bathrooms.
Jason stated that he and his father wanted to build close-knit communities, not just storage facilities.
“I think what separates us from a regular storage facility or an industrial park is the fact that we are trying to cultivate a community of like-minded individuals. The facility functions more like a private club than it does a warehouse,”Jason said.
Owners can customize their units with touches like Epoxy flooring and half-baths. They must adhere to CC&R guidelines such as not operating a business from their units. Many unit owners spend time at the facilities, whether they are working on their vehicles or just getting some time for themselves.
“Some of the retired guys who don’t golf, that’s where they spend all their time. That’s what they do. They tinker in the garage,”Jason said.