Andover Properties Acquires 138th Facility in Cypress, Texas
Asset Offers Self Storage, Boat Parking, and Enclosed RV Storage Options
NEW YORK, NY – Andover Properties is pleased to announce its most recent self storage acquisition, located in Cypress, Texas, approximately 30 minutes northwest of Houston. The property will be rebranded under Andover’s Storage King USA brand and is the 138th facility in its fast-growing, nationwide self storage portfolio.
The property contains a total of 109,000 square feet across a mix of climate-controlled, drive up, and enclosed RV storage. It was acquired from a non-institutional owner, providing the opportunity for Storage King USA to apply its institutional management practices to the asset’s operations.
“We love acquisitions like this where we can add value day one with best practices such as a property website and the ability to rent online,” said Zach Harding, Andover’s Chief Investment Officer. “We are also positive on the asset’s location in the heart of Cypress, which has high median income and is experiencing strong population growth.”
The Storage King USA portfolio now totals 138 facilities in 16 states across the country, with 43 facilities in Texas.
About Andover Properties, LLC
Andover Properties, LLC is an investment firm that owns, operates, and develops commercial property throughout the United States. The firm focuses on self storage, RV, car wash, retail, and industrial assets. We are one of the largest private owner-operators of self storage facilities in the United States. Our current portfolio totals over 10.6 million rentable square feet across 138 facilities in 16 states and operates under our Storage King USA brand (https://www.storagekingusa.com).
We are a best-in-class, vertically-integrated, owner-operator with entrepreneurial spirit and expertise in acquisitions, development, capital markets, investment structuring, property management, and asset management. Our senior leaders have over 200 years of combined real estate experience and our investors and partners include global institutional investors and high net worth individuals.
Andover was founded in 2003 by Brian and William Cohen and is headquartered in New York City with offices in Miami and San Francisco.