Andover Properties Closes on “Gulf Freeway Self Storage” in Houston, TX
Andover Properties, LLC (dba Storage King USA) has recently acquired “Gulf Freeway Self Storage” in Houston, TX. The 62,600 NRSF facility opened in 2020 and consists of 615 climate controlled units. It is well-located on Gulf Freeway I-45, which has a traffic count of over 225,000 vehicles per day and is conveniently located near area retail.
“We are proud to expand our presence in this rapidly-growing part of Houston,” said Brian Cohen, President of Andover Properties. “The area has a large and growing population, which should allow us to achieve a fast lease-up and stabilization of this facility.”
The Storage King portfolio now includes 10 facilities in the Houston MSA and 32 facilities in Texas.
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 8 million rentable square feet across 108 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.
Andover was founded in 2003 by Brian and William Cohen and is headquartered in New York City with offices in Miami and San Francisco.