May 10, 2023


FAYETTEVILLE, NC – May 2, 2023 – Andover Properties is pleased to announce the  acquisition of a 23,500 SF self storage facility in Fayetteville, NC. The facility, previously  operated as A-1 Lakeview Safe Storage, will be rebranded under Andover’s Storage King USA  brand. 

The property offers 132 storage units that are climate controlled and drive-up units and has  visibility and access from King Road. It sits on a little over 5.22 acres of land and has plenty of  parking available for customers. Plus, it is in an area prime for more business growth, as the  population in Fayetteville’s metropolitan statistical area has grown tremendously with more than  500,000 people living in the area now compared to 380,389 people in 2016, according to the  U.S. Office of Management and Budget.  

“This new facility is a complement to our existing storage units already in the area,” said Brian  Cohen, Andover’s President, and CEO. “We are excited about the great potential of this new  space and our institutional management practices will ensure it receives the attention it  deserves.”  

The Storage King USA portfolio now totals 155 facilities in 18 states across the country,  particularly in the Sunbelt. There are 14 facilities in North Carolina including in Raleigh, Nags  Head, Winnabow, Kitty Hawk, Hope Mills, Calabash and Apex.

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 million rentable square feet across 155 facilities in 18 states and operates under our  Storage King USA brand ( Andover was founded in 2003 by  Brian and William Cohen and is headquartered in New York City with offices in Miami and San  Francisco. For more information, please visit Andover Properties website: