Storage King Acquires Boat & RV Storage Facility in AZ
Andover Properties (dba Storage King USA) has recently acquired “Ultimate Boat and RV Storage,” its fifth property in the Phoenix area. The property totals 314,000 square feet across 16 acres and provides high quality, secure, covered parking for vehicles, boats, and RVs. The property is highly-amenitized and features power hook-ups, water and dump stations, 24/7 security and surveillance, 50-foot turn aisles, and detailing and wash bays.
“We are proud to add such a high-quality facility to our Storage King USA portfolio,” said Brian Cohen, Andover’s President and CEO, “We think Litchfield Park is poised for strong growth, and the property is well situated to benefit as a result. RV and boat storage is yet another way Storage King USA is able to meet its customers’ needs and we will continue to add it to our portfolio both as an additional offering at our traditional self storage facilities and with specialized assets such as this.”
Michael Wachsman, Andover’s Director of Acquisitions, added, “the property is impeccably constructed and features many high-end finishes and amenities not found at your average storage asset. This is truly the premier facility in the area, and we look forward to serving our customers that trust us to store their boats and recreational vehicles.”
The Storage King USA portfolio now totals 122 facilities in 16 states across the country, with 10 in Arizona.
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 9.2 million rentable square feet across 122 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.