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Jan 22 2019Andover Properties Closes on “Thrifty Storage” in Florida
Andover Properties, LLC (dba Storage King USA) has recently acquired Thrifty Storage, a 23,650 net rentable square foot facility in Pensacola, Florida, marking its 14th purchase in the state, on the heels of completing a prior transaction in the state just two weeks earlier. The property, currently consisting of a mix of climate controlled and
January 22, 2019
Nov 16 2018Andover Properties Closes on “Ace Storage” in FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired Ace Storage, a 62,000 net rentable square foot facility in Polk City, Florida. The deal is its thirteenth purchase in the state, and its sixth transaction under its partnership with Angelo Gordon. The property, currently consisting of drive up units, is situated on over 16
November 16, 2018
Aug 29 2018Andover Properties Closes on Three Property Purchase in MississippiAndover Properties, LLC (dba Storage King USA) has just acquired a three property portfolio in Ocean Springs and Gulfport, MS. The purchase consists of two self storage facilities and a high-end, enclosed RV and boat storage facility, and has additional land for expansion. The Altogether, the properties span over 112,000 square feet and 700 units,
August 29, 2018
Jul 30 2018Andover Properties Closes on “Security Storage” in FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired Security Storage, an 88,000+ square foot facility in Spring Hill, Florida. The deal is its twelfth purchase in the state, and its fifth transaction under its newly-formed partnership with Angelo Gordon, with whom Andover has done deals in the past. In addition to self-storage and
July 30, 2018
Jul 25 2018Andover Properties Closes on “Old Lucerne Park Storage” in FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired Old Lucerne Park Storage, its third property in Winter Haven, Florida. “We like the income diversity this property offers. It contains both climate and drive-up storage, business/flex space, ample parking, and provides additional revenue sources from truck rental as well as cell tower income. Plus,
July 25, 2018
Jul 25 2018Andover Properties Closes on “AAA Storage” in Minneola, FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired AAA Storage, a 75,000 square-foot facility containing over 600 units, located in Minneola, Florida. “The property is on heavily-trafficked US-27, which has an average daily volume of 28,000 cars per day. It is adjacent to a busy Dollar General, and is situated in a corridor
July 25, 2018
Jul 25 2018Andover Properties closes on land deal in Homestead, FloridaAndover Properties, LLC (dba Storage King USA) has recently closed on a 3-acre parcel in Homestead, FL on which it intends to build a 110,000 square foot self storage facility. According to Brian Cohen, President at the company, “the site is in a great location. It is right next to a Walmart on the busy
July 25, 2018
Jun 26 2018Andover Properties Closes on “Security Storage” in FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired Security Storage, an 88,000+ square foot facility in Spring Hill, Florida. The deal is its twelfth purchase in the state, and its fifth transaction under its newly-formed partnership with Angelo Gordon, with whom Andover has done deals in the past. In addition to self-storage and
June 26, 2018
Feb 27 2017Andover Properties closes on “Route 80 Storage” in Ft Myers, FloridaAndover Properties, LLC (dba Storage King USA) has recently acquired Route 80 Storage, located in Ft Myers, Florida. The site is its second purchase in the area and its ninth in the state. According to Michael Wachsman, Director of Acquisitions at the company, “as currently configured, the amount of space currently dedicated to self
February 27, 2017
Feb 13 2017Andover Properties closes on approx. 30,650 SF “Store-It” in Moncks Corner, South CarolinaAndover Properties, LLC (dba Storage King USA) has recently acquired Store-It – a 30,650 SF Self Storage facility in Moncks Corner, SC, part of the Charleston MSA. The property is situated on over 6 acres, on which Andover plans on building an additional 20,000 NRSF of storage, consisting mostly of climate-controlled units. The site, closed
February 13, 2017