New York City based Andover Properties closes on approx. 51,885 SF AP Self Storage in Belcamp, MD
Andover Properties, LLC (dba STORAGE KING USA) – a private Real Estate Investment Company focusing on Self-Storage enters Maryland market with Belcamp acquisition.
New York City-based self-storage operator Andover Properties LLC has acquired AP Self Storage in Belcamp, Md. The facility is Andover’s first in the state. It will be rebranded as Storage King USA and managed by Storage Asset Management Inc. (SAM), a self-storage property-management and consulting company. SAM previously managed AP Self Storage and oversees four other Storage King USA properties.
The facility at1339 Belcamp Road encompasses 51,885 square feet of storage space in 479 units. Property amenities include indoor and outdoor storage units, some of which are climate-controlled, as well as perimeter fencing and gated access. The facility also includes UPS Store 6167, which offers a full line of packaging and shipping products, printing, and more. Andover plans to add new signage and update the facility’s website to include online bill pay.
Storage King USA operates 16 self-storage facilities in Florida, New Jersey, North Carolina, Pennsylvania, Tennessee and Maryland.
Andover Properties is a private real estate investment firm focusing on self-storage. Owned by Brian and William Cohen, the company operates storage facilities totaling more than 1 million rentable square feet and 9,000 units.
Founded in 2010 and based in York, Pa., SAM is a property-management and consulting company that oversees storage facilities and three UPS Stores along the East Coast.
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 self-storage facilities in 6 states totaling over 1 million rentable square feet and 9,300 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.