Andover Properties Acquires Second Self Storage Facility in Savannah, GA
Andover Properties announced today that it has recently acquired the Storage Depot of Savannah, located in Savannah, GA. The property comprises 112,000 SF across 568 self storage units and 34 commercial spaces. The asset will operate under the Storage King USA brand.
“We are excited to acquire our second asset in Savannah, a growing city that offers affordability and a high quality of life to its residents,” said Brian Cohen, President and CEO of Andover, “This asset is just 13 minutes away from our existing Savannah facility, which will allow us to capture operational efficiencies across the two.”
Michael Wachsman, Director of Acquisitions at Andover, added: “We are pleased to expand our presence in the market and are seeking additional acquisition opportunities in Savannah.”
The Storage King USA portfolio now totals 127 facilities in 16 states across the country.
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, RV, 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 portfolio totals nearly 9.6 million rentable square feet across 127 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 200 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.