ANDOVER PROPERTIES ANNOUNCES THE ACQUISITION OF A NAPLES, FL SELF-STORAGE FACILITY
NEW YORK CITY, NY – August 2, 2023 – Andover Properties is pleased to announce the acquisition of a 105,000 SF self-storage facility in Naples, FL. The facility, previously operated as Jim’s Stowaway, will be rebranded under Andover’s Storage King USA brand. The property offers over 600 storage units that are both climate controlled and conventional drive-up. It also includes two retail storefronts currently occupied by Napa Auto Parts and KC Marble & Tile. The asset is located less than 1,000 feet from Storage King USA’s existing asset in Naples.
“We are thrilled to announce this latest acquisition to the Storage King USA portfolio, as this reinforces our commitment to providing top-notch storage solutions to our valued customers,” said Brian Cohen, Andover’s President and CEO. “We are keenly aware of the increasing demand for secure and accessible storage spaces and are proud that this location will be at the forefront of meeting those requirements for the Naples community.” The Storage King USA portfolio now totals 158 facilities in 18 states across the country, particularly in the Sunbelt. There are now 43 locations in Florida.
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 portfolio totals over 12+ million rentable square feet across 158 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 the Andover Properties website: https://www.andoverprop.com/