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Boundary Ventures, LLC. has purchased a four-property self-storage portfolio in Elkton, MD for $18.8 million.

Boundary Ventures Buys Elkton Self-Storage Portfolio for $19M

Boundary Ventures, LLC. has purchased a four-property, 883-unit self-storage portfolio in the Baltimore submarket of Elkton, MD for $18.8 million.

Andrew Meeder with MacKenzie Commercial Real Estate Services represented the buyer. Tom Mottley, also with with MacKenzie Commercial Real Estate Services, represented the seller, Acorn Investment Company.

The properties total nearly 125,000 square feet of space:

  • 804 E. Pulaski Highway – 20,425 square feet, 84 units
  • 1089 Augustin Herman Highway – 39,350 square feet, 362 units
  • 4 Coachman Drive – 53,115 square feet of space, 288 units
  • 1882 W. Pulaski Highway in North East – 20,425 square feet, 149 units

“Virtually no section of the state or the country has been untouched by the popularity wave sweeping over the storage space self-storage industry as apartment renters, homeowners, college students and retailers and businesses all have needs for this product category,” said Mottley. “The new owner acquired four high-performing properties and the self-storage category is practically recession-proof.”


Inside The Story

MacKenzie Commercial Real Estate Services' Mottley

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition