Andover Properties Acquires Self-Storage Facility in Fayetteville, NC
Andover Properties acquired a 23,500-square-foot self storage facility in Fayetteville, NC. The facility, previously operated as A-1 Lakeview Safe Storage, will be rebranded under Andover’s Storage King USA brand.
The property offers 132 drive up and climate controlled storage units with visibility and access from King Road. It sits on a little over 9 acres and has plenty of customer parking available.
“This new facility is a complement to our existing storage units already in the area,” said Brian Cohen, Andover’s President and CEO. “We are excited about the great potential of this new space and our institutional management practices will ensure it receives the attention it deserves.”
The Storage King USA portfolio now totals 155 facilities in 18 states across the country, particularly in the Sunbelt. There are 14 facilities in North Carolina including in Raleigh, Nags Head, Winnabow, Kitty Hawk, Hope Mills, Calabash and Apex.
- ◦Sale/Acquisition