Andover Properties Closes on “1st Defense Storage” in Corpus Christi, TX

Andover Properties, LLC (dba Storage King USA) has recently acquired “1st Defense Storage” in Corpus Christi, TX. The 73,300 NRSF facility, built in 2017, consists of a mix of 673 climate, non-climate, and covered RV spaces.

The Storage King portfolio now includes three facilities in Corpus Christi and 33 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 8.4 million rentable square feet across 113 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.

1IRR and MOIC shown are net of all Andover fees but prior to any Andover promote. Past performance is not necessarily indicative of future results, and there can be no assurance that the company will achieve comparable results in the future. These figures include all realized investments in the Andover Properties portfolio through October 31, 2024

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