The company operates 116 self-storage properties in 14 states
September 24, 2018: The Red Dot brand is operated by Boulder, Colo.-based Sparkplug Capital LLC., has acquired Montrose Storage in Fairhope, Alabama. The company launched in 2013, its portfolio comprises 4.4 million net rentable square feet. The company also acquired Three Rivers Self Storage in Gulfport, Miss. In the last month. The facility comprises 30,600 net rentable square feet in 212 units.
The property located 23800 U.S. Highway 98 comprises 43,856 net rentable square feet of storage in 301 units. Red Dot plans to upgrade the facility adding new access control system, LED lightening and video cameras, according to the press release.
“This property is a great addition to our Alabama locations and our continued growth. We look forward to providing the Red Dot experience to our new and existing customers in Fairhope.” said by Seth Bent, CEO.