New York City based Andover Properties closes on approx. 70,000 SF “Tamarack Self-Storage & Warehousing, Inc.” in Neptune NJ
Andover Properties, LLC (dba STORAGE KING USA) – a private Real Estate Investment Company focusing on Self-Storage adds New Jersey facility with 70,000 SF acquisition.
Andover Properties, LLC (dba Storage King USA) has recently acquired Tamarack Self-Storage & Warehousing, Inc. – a 70,000 SF Self Storage facility in Neptune, NJ. Andover closed on the transaction in January of 2015.
The re-branded Storage King USA is located at 3403 Highway 33, Neptune, NJ 07753 and features 546 self-storage rooms totaling almost 70,000 net rentable square feet. Property amenities include perimeter fencing and gated access.
New York City based Andover also owns and operates self storage facilities in Newark and Passaic NJ. Andover owns and operates a total of 17 Self-Storage facilities in New Jersey, North Carolina, Florida, Pennsylvania, Maryland and Tennessee under its trade name Storage King USA (storagekingusa.com).
About Andover Properties, LLC
Andover Properties, LLC, is an investor, owner, operator and developer of real estate throughout the United States, based in Manhattan, New York. The firm focuses on the acquisition, development and management of industrial, retail and self-storage facilities primarily in the North and South East. Andover is regarded as a full-time leading sponsor in this area with expertise in all aspects related to these product types including acquisitions, asset management, leasing, property management, development and dispositions. Its investors and partners include global institutional real estate private equity funds and high net worth individuals.
Since inception in 2003, Andover Properties, LLC has owned self-storage assets valued over $175 million through developing, acquiring or purchasing loans totaling over 2.1 million rentable square feet and over 18,000 units. Currently the firm owns and manages 17 self-storage facilities in 6 states totaling over 1.15 million rentable square feet and 9,900 units. Andover Properties, LLC manages and operates its facilities under its own brand Storage King USA Self-Storage. (storagekingusa.com)
Andover Properties, LLC is solely owned by Brian and William Cohen.