ANDOVER PROPERTIES ANNOUNCES THE ACQUISITION OF A COLORADO SPRINGS, CO SELF-STORAGE FACILITY
COLORADO SPRINGS, CO – August 22, 2023 – Andover Properties is pleased to announce the acquisition of a 215,748 SF self-storage facility in Colorado Springs, CO. The facility, previously operated as AAA Platte Self Storage, will be rebranded under Andover’s Storage King USA brand.
The facility has 681 climate-controlled units in a variety of sizes and is located on over 23 acres of land. The asset is in a prime area near several businesses including a busy shopping district.
“We are excited to add a third facility in Colorado Springs, a community that has seen large economic growth and ranks as one of the best places to live in the country,” said Brian Cohen, Andover’s President and CEO. “We are looking forward to serving as a primary resource for residents’ storage needs in the future.”
The Storage King USA portfolio now totals 158 facilities in 18 states across the country, with an outsized presence in the Sunbelt. Storage King USA has five facilities in Colorado.
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 158 facilities in 18 states and operates under our Storage King USA brand (https://www.storagekingusa.com). 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 the Andover Properties website: https://www.andoverprop.com
Sarah S. Berman
The Berman Group, Inc.