Andover Properties Acquires “Sea Coast Self Storage” | Fort Pierce, FL
Andover Properties, LLC (dba Storage King USA) has recently acquired Sea Coast Self Storage in Fort Pierce, FL. The 33,000 square foot facility has a total of 400 units and is located on highly trafficked US-1. We plan to expand the facility’s self storage offering by converting underutilized warehouse space into additional storage units. The acquisition marks Andover’s second asset in the Fort Pierce area, and 29th in the state.
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, 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 self storage portfolio totals over 8 million rentable square feet across 108 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 150 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.