Andover Properties Acquires Colorado Springs Self Storage Facility
NEW YORK, NY – Andover Properties is pleased to announce the acquisition of a 35,000 square foot self-storage facility in Colorado Springs, CO. The property, previously operated as IN Self Storage, will be rebranded under Andover’s Storage King USA brand. It is located on an intersection that sees over 44,000 vehicles per day and is highly visible to passing traffic. This is Storage King USA’s second property in Colorado Springs.
Brian Cohen, Andover’s President and CEO, said, “We are excited to add a second property in Colorado Springs, a market that continues to see strong population growth and that ranks as one of the best places to live in the U.S. This newly-converted property is a high-quality addition to our portfolio. We look forward to completing the property’s lease-up by capitalizing on the market’s strong fundamentals and growth.”
The Storage King USA portfolio now totals 152 facilities in 18 states across the country.
About Andover Properties
Andover Properties 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 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.