Andover Properties Acquires Self Storage Facility in Garner, NC

Andover Properties Acquires Self Storage Facility in Garner, NC

New York, NY – May 11, 2026 – Andover Properties, an investment firm specializing in alternative real estate asset classes, has acquired a self storage facility located in Garner, North Carolina. The acquisition marks Andover’s seventeenth location in North Carolina, and strengthens the company’s growing national footprint under its Storage King brand.

The facility, formerly known as Cleveland Storage, comprises approximately 54k net rentable square feet across 487 units. Built in 2007, the property offers both climate-controlled and drive-up storage units in a wide variety of sizes to accommodate residential and business customers alike. The fully fenced facility also features RV, boat, and trailer parking, along with recorded video surveillance.

The well maintained property is located in a strong and growing submarket and benefits from a highly visible location along Cleveland Road in Garner, NC.

“This acquisition represents another opportunity to acquire a high-quality mom-and-pop facility and implement our institutional operating platform,” said Brian Cohen, President and CEO of Andover Properties. “The property already has a strong reputation in the local community, and we see meaningful upside through operational efficiencies, targeted marketing initiatives, and the implementation of Storage King’s customer service platform. We are excited to continue growing our presence in North Carolina.”

The property will now operate under the Storage King brand and benefit from Andover’s national platform and hands-on management approach, including support from on-site office staff and a 24/7 customer call center.

For more information about this new location, or to inquire about rental availability, please visit the Storage King website.

About Andover Properties

Andover Properties is an investment firm specializing in alternative real estate asset classes such as self-storage, manufactured housing, RV parks, small bay industrial, and car washes. The company is one of the largest private owner-operators of self-storage facilities in the U.S., with a storage portfolio totaling over 14 million square feet across 170+ facilities in 20 states, operating under its Storage King brand. Founded in 2003 by Brian and William Cohen, Andover is headquartered in New York City, with offices in Miami and San Francisco. For more information, visit Andover Properties.

For media inquiries, please contact press@andoverprop.com

 

1IRR and MOIC shown are net of all Andover fees but prior to any Andover promote. Past performance is not necessarily indicative of future results, and there can be no assurance that Andover will achieve comparable results in the future. These figures include all fully realized investments in the Andover Properties portfolio through June 30, 2025.

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