New York City based Andover Properties closes on approx. 73,000 SF “Alico Self Storage” in Ft. Myers, FL
Andover Properties, LLC (dba Storage King USA) has recently acquired Alico Self Storage – a 73,000 SF Self Storage facility in Ft. Myers, FL. Andover closed on the transaction in June 2015.
The property is located at 7600 Alico Road, Ft. Myers, FL 33912 and features 559 self-storage rooms, in addition to commercial units and parking. Property amenities include perimeter fencing, gated access, and 24 hour video surveillance. The facility also offers U-Haul truck rental and comes with a post office onsite. The property will be integrated into the Storage King USA portfolio, joining the 17 already existing properties it owns and operates.
New York City-based Andover owns and operates a total of 18 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 a 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, 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 the brand Storage King USA Self-Storage (storagekingusa.com).