{ANDOVER PROPERTIES ANNOUNCES MAJOR EXPANSIONS AT TWO STORAGE KING USA FACILITIES IN TEXAS}

ANDOVER PROPERTIES ANNOUNCES MAJOR EXPANSIONS AT TWO STORAGE KING USA FACILITIES IN TEXAS

Seguin, TX – May 16, 2024 – Andover Properties, a leading real estate investment firm focused on alternate asset classes, is pleased to announce a significant, 78,900 square foot total expansion across two of our self-storage facilities in Seguin, Texas, operated under the Storage King USA brand.

Located at 1842 Interstate 10 Frontage Road, Seguin, TX 78155, the first facility has undergone a substantial expansion, adding 61,500 gross rentable square feet to its existing footprint,  bringing its total square footage to 135,811 square feet. This expansion includes a diverse range of storage options to cater to various customer needs.

The newly added space comprises climate-controlled units spanning 18,200 square feet, offering 128 units to accommodate customers seeking temperature-regulated storage solutions. Additionally, the expansion includes 7,000 square feet of drive-up units, providing convenient access for customers looking for easy loading and unloading.

Andover Properties has further introduced more enclosed RV storage, featuring 30,200 square feet of space for units available in two sizes: 14 ft. x 40 ft. and 14 ft. x 50 ft. These units come equipped with power and lighting, offering customers a secure and convenient storage solution for their recreational vehicles.

The second facility, located at 122 Lettau Avenue, Seguin, TX 78155, with easy access to Interstate 10, unveiled 17,400 square feet of drive-up expansion across 79 units. This brings the Lettau location to 76,460 square feet, with 421 total units.

“We are pleased to unveil these extensive expansions at our Seguin facilities,” said Brian Cohen, CEO of Andover Properties. “With the addition of climate-controlled units, drive-up units, and enclosed RV storage, we are committed to providing our customers with a diverse range of storage options to meet their evolving needs.”

The expanded offerings at the Seguin facilities are available for rental starting immediately, providing immediate access to our enhanced storage options.

For more information about the expanded offerings, or to inquire about rental availability, please visit the Storage King USA website here.

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 storage portfolio totals over 13.5 million rentable square feet across 162 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 our website: https://www.andoverprop.com/

Contact:

Sarah S. Berman

The Berman Group, Inc.

(212) 450-7300

sberman@bermangrp.com

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