The portfolio was purchased from a New York-based private investor
February 24, 2015
- The acquired facilities will be renamed under the SSS brand. The properties comprise of 206,260 square feet.The properties in Nashville
•Campbell Station Self Storage, 3000 Harrah Drive, Spring Hill, Tenn. (76,835 square feet)
•Sem’s Store N Lock, 136 Maddox Simpson Parkway, Lebanon, Tenn. (59,700 square feet)
•Sem’s Store N Lock, 400 Quarry Loop Road, Mt. Juliet, Tenn. (69,725 square feet)
The company has acquired a seven-facility portfolio in Memphis in December for $16.6 million.
Each of the three local markets involved in the transaction have demonstrated strong economic growth in the last 12 months, including a combined 4,000 new jobs created, Ashley Compton vice president for the company’s Self Storage Advisory Group of Nashville said.
Simply Self Storage (SSS) owns and manages 160 self-storage facilities comprising more than 12 million square feet of storage space in 18 states and Puerto Rico. The company was founded by Kurt O’Brien in 2003. It is ranked No.9 on 2014 Inside Self-Storage Top-Operators List.
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