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A-1 Self Storage announces the acquisition of AAA Storage South Lamar in Austin, TX
AAA Storage South Lamar in Austin, TX was developed in the year 1975

August 19, 2015: A-1 Self Storage, which manages 48 self storage facilities in California, has acquired its first Texas property in an off-market transaction. 

http://www.insideselfstorage.com/ Reports:
We are very excited about our first successful acquisition in Texas, and for this location to be our first A-1 Self Storage in Austin is just magnificent,” said Brian Caster, A-1 President and CEO. “South Lamar, or SoLa, has become one of the most desirable areas to live in all of Austin. It’s young, it’s hip, and the thousands of new residents who have moved into the area agree. Due to the proximity to downtown and the thousands of new multi-family units developed nearby, this is an area we want to invest in. In the short term, we will add value through our professional operations, and increase revenue through our revenue-management and marketing platforms. Long term, we plan to redevelop this site into a state-of-the-art A-1 Self Storage facility.

According to a press release, the 26, 74- square-foot facility features five single-story, drive-up buildings and 3,186 square feet of retail space on 1.76 acres.

A-1 Self Storage is a division of the Caster Cos., a third-generation, family-owned company headquartered in Southern California since 1959. Caster Cos. develops and manages A-1 Self Storage, A-1 Car Storage and other commercial properties in California. A-1 has a second Austin location in escrow, according to the release.

Visit http://www.insideselfstorage.com/ for more information.