Andover Properties Acquires “Uptown Storage” in Tallahassee, FL
Andover Properties, LLC (dba Storage King USA) has recently acquired “Uptown Storage” in Tallahassee, FL. The 36,150 NRSF facility offers climate and non-climate-controlled space across 312 storage units. It has good visibility and access from Capital Blvd NE, a major thoroughfare which sees in excess of 52,000 vehicles per day. Andover plans to expand the property by an additional 26,000 square feet.
“The property is located near many multifamily development projects, indicative of the growth occurring in this area” said Brian Cohen, President and CEO of Andover Properties, “The property is also a 15-minute drive from our two other Storage King USA facilities in Tallahassee, allowing us to gain operational efficiencies. We look forward to continuing to expand our presence in this market.”
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.