Andover Properties Closes on the “Green Light Storage Portfolio” in Seguin, TX
Andover Properties, LLC (dba Storage King USA) has recently acquired the Green Light Storage Portfolio in Seguin, TX, marking its 2nd and 3rd acquisitions in the San Antonio MSA and bringing Andover’s Texas store count to 30 in the state.
The two-property portfolio consists of 97,175 NRSF and 740 climate and drive up units. The two properties are located just 5 minutes from each other and are the only two in the region located on the busy I-10, which sees over 46,000 vehicles per day. One of them also has an approved expansion plan for 65,000 square feet. “Seguin is a booming city in central Texas, ~30 minutes from San Antonio and under an hour from Austin. There are currently over 10,000 housing units under construction or in the planning phase within a short distance of the properties. Our properties, two of the nicest in the market, will benefit immensely from this influx of demand” states Brian Cohen, Andover’s President.
About Andover Properties, LLC
Andover Properties, LLC is an investment firm that owns, operates, and develops commercial property throughout the United States. The firm focuses on self storage, car wash, retail, and industrial assets. We are one of the largest private owner-operators of self storage facilities in the United States. Our current self storage portfolio totals 7.8 million rentable square feet across 103 facilities in 16 states and operates under our Storage King USA brand (https://www.storagekingusa.com).
We are a best-in-class, vertically-integrated, owner-operator with entrepreneurial spirit and expertise in acquisitions, development, capital markets,
investment structuring, property management, and asset management. Our senior leaders have over 135 years of combined real estate experience
and our investors and partners include global institutional investors and high net worth individuals.