The company has bought the property from AAA All American Self Storage
May 20, 2014- The storage property consists of 223,520 square feet in more than 1,650 units. It will be rebranded as Storage King USA. This is the first acquisition in North Carolina for Andover Properties LLC.
The company has self-storage facilities in Florida, New Jersey, Pennsylvania and Tennessee.
"We're excited about this acquisition and think we can bring great value to the properties and surrounding area," said Brian Cohen, president. "We intend to expand one of the facilities by adding an additional building."
The three storage facilities offer climate-controlled units, over 100 uncovered boat/RV-parking spaces, and flexible office space. They are located at:
- 3216 Midpine Road, Fayetteville, NC
- 5799 Pepperbush Drive, Fayetteville, NC
- 4928 U.S. Highway 301 S., Hope Mills, NC
Andover Properties is owned by Brian and William Cohen. It is a private real estate investment firm which focuses on self-storage. The company operates storage facilities spanning 1.096 million rentable square feet.