The real estate investment and development company is planning to buy six more storage properties
July 9, 2014- Premier Storage Investors LLC has recently bought self-storage in Holbrook, NY. It is planning to invest in six more storage properties for an approximate purchase price of $30 million. The self-storage is located at 640 Broadway Ave. The facilities include climate control, individually alarmed units, and exterior parking for RVs, boats and other vehicles. It also has package-delivery acceptance, moving and packing supplies, and online bill-pay options.
"We are very pleased to have closed our first asset within the first six months of our company’s formation," said James G. "Pete" Williams, a company principal.
Premier Storage will be focusing on purchasing and developing self-storage real estate within the top 40 U.S. metropolitan statistical areas.
Premier Storage Solutions was founded by Williams in 1997. It has developed 17 storage facilities. Williams has been responsible for the acquisition, development and disposition of more than $2 billion of self-storage facilities and other real estate investments.
Douglas Michael McCarron is the company's second principal. He has $2.5 billion worth self-storage transactions to his credit.
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