Andover Properties Acquires New Self Storage Facility in Aventura, FL
Well-Located Facility is Across from Aventura Mall with Frontage on Biscayne Boulevard
Miami, FL – December 27, 2023 – Andover Properties, a real estate investment firm focused on alternative asset classes, is pleased to announce the successful acquisition of a self storage facility located at 19301 W Dixie Hwy in Miami, FL. This strategic acquisition marks Andover’s 44th self storage facility in the state of Florida.
“This state-of-the-art property is characterized by its high-quality construction, ensuring a lasting and valuable asset for Andover Properties and its stakeholders,” said Brian Cohen, President & CEO of Andover Properties.
Positioned across from Aventura Mall, the third-largest mall in the country, the property benefits from an irreplaceable infill location with nearly 200,000 people that live within three miles of the property. The property also features exceptional frontage on Biscayne Boulevard, which sees over 77,000 vehicles per day. Its strategic proximity to Andover’s existing asset at 641 NW 12th Ave, just 20 minutes south, will enhance operational efficiency.
Andover is excited to add another high-value, high-visibility asset to its portfolio and increase its presence in the dynamic South Florida real estate market.
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 rentable square feet across 163 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