Andover Properties Closes on “Sentinel Self Storage” in Rosharon, TX
Andover Properties, LLC (dba Storage King USA) has recently acquired Sentinel Self Storage in Rosharon, TX, marking its 9th acquisition in the Houston MSA and 29th facility in the state.
This newly constructed facility spans ~146,000 NRSF across ~282-units consisting of a mix of climate-controlled, drive-up, enclosed RV, covered RV, and open parking. Rosharon is approximately 30 minutes south of Houston and is in the middle of a significant housing boom. “With projected population growth of over 8% a year within proximity of our facility we are setting ourselves up to capture the self storage demand these new residents will have” states Brian Cohen, Andover’s President.
Michael Wachsman, Andover’s Director of Acquisitions, adds, “In addition to all of the housing and population growth, the Texas Department of Transportation is currently expanding the road this facility is located on from a two-lane road to a four-lane highway, which will create even better access to the facility.”
About Andover Properties, LLC
Andover Properties, LLC, is an investor, owner, operator and developer of real estate throughout the United States, based in Manhattan, New York. The firm focuses on the acquisition, development and management of industrial, retail and self storage facilities. Andover is a leading sponsor in this area with expertise in all aspects related to these product types including acquisitions, asset management, leasing, property management, conversion, development and dispositions. Its investors and partners include global institutional real estate private equity funds and high net worth individuals.
Since inception in 2003, Andover Properties, LLC has owned or managed self storage assets totaling 9.1 million rentable square feet across 68,000 units. Currently the firm owns and manages 102 self storage facilities in 16 states totaling 7.8 million rentable square feet and 56,000 units, in addition to development projects. Andover Properties, LLC manages and operates its facilities under the brand Storage King USA (https://www.storagekingusa.com).