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Storage Ventures Continues Adventures in Concord with Buy of Storage Station
Storage Ventures has acquired Storage Station in Concord, NH. The asset comprises approximately 37,000 square feet and marks the firm’s second acquisition in the Concord market.
The property is a six-building complex featuring drive-up self storage and a rental apartment as well as outdoor parking for cars, recreational vehicles and boats.
Storage Station is located in Concord’s Loudon Road commercial corridor. It sits just south of I-393 and just east of I-93, which connects Boston to NH, VT and points north.
According to the Storage Ventures, the acquisition complements its growing portfolio of self-storage assets in New England.
“We were fortunate to acquire Storage Station, an attractive asset in a supply constrained market that we know well given our prior acquisition of Thirty Pines Self Storage,” said Douglas Lee, founding partner of Storage Ventures. “Acquiring multiple properties in a given market enhances our competitive position and allows us to operate more efficiently.”
- ◦Sale/Acquisition
