Andover Properties Acquires Kyle, TX Storage Facility
Kyle, Texas – December 11, 2023 – Andover Properties, a real estate investment firm focused on alternative asset classes, is pleased to announce its acquisition of a self storage facility located at 13397 Camino Real in Kyle, TX.
The property includes 68,400 square feet of drive-up storage and covered RV spaces. Recognizing the value of providing climate-controlled storage, Andover plans to expand the facility by 100,000 square feet to meet the growing demand seen in the community. “We believe that this property, with its prime location and additional expansion plans, aligns perfectly with our commitment to providing high-quality storage solutions to meet the diverse
needs of our customers,” said Brian Cohen, President & CEO of Andover Properties.
The property is situated in a thriving community with promising growth and demographics. In the property’s 5-mile radius, the population is projected to grow 5.2% annually over the next five years. Housing development is ongoing in the region, with D.R. Horton currently constructing a 2,200-home, master-planned community just six minutes from the property, providing tailwinds to the area’s economic activity.
This asset is Andover’s second property located in Kyle and sixth in the San Antonio-Austin corridor. Andover looks forward to contributing to the growth and prosperity of the Kyle, TX community and providing unparalleled storage solutions for our valued customers.
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 million 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