NEW YORK, NY – Andover Properties is pleased to announce its acquisition of a 58,000 square foot, 350-unit self storage facility in Boerne, TX, just north of San Antonio. The property, previously operated as Alpha Mini Storage, contains a mix of climate and non-climate options, and will be rebranded under Andover’s Storage King USA brand.
Brian Cohen, Andover’s President and CEO, comments “Boerne is an extremely fast-growing area, with expected population growth of over 4% annually, and has high median household income. The asset has good visibility and access from the I-10 frontage road and over 50,000 vehicles drive by the facility each day. This will make a wonderful addition to the five other assets we already have in San Antonio.”
The Storage King USA portfolio now totals 152 facilities in 18 states across the country, with 6 in San Antonio.
About Andover Properties, LLC
Andover Properties, LLC is an investment firm that owns, operates, and develops commercial property throughout the United States, with a focus on alternative real estate asset classes such as self storage, manufactured housing, RV parks, and car washes. We are one of the largest private owner-operators of self storage facilities in the United States. Our current portfolio totals over 12.1 million rentable square feet across 152 facilities in 18 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.