Andover Properties Acquires “Alameda Storage” in Colorado
Andover Properties (dba Storage King USA) has recently acquired “Alameda Storage”, located in Denver, CO. The facility is located on Alameda Avenue, which sees a traffic count of over 37,000 vehicles per day, and totals 74,000 NRSF.
“We are excited to acquire our second asset in Denver, a market in which we have done very well,” said Brian Cohen, Andover’s President and CEO. “This property presented a highly attractive investment opportunity for us given the area’s high population density and continued growth, the operational upside as a result of non-institutional prior ownership, and our ability to acquire the asset at a compelling basis.”
The Storage King USA portfolio now totals 129 facilities in 16 states across the country.
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 9.9 million rentable square feet across 129 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.