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Andover Properties Acquired Capital Boulevard Storage in Raleigh, North Carolina
Andover Properties operates the Storage King USA brand

July 14, 2021: Andover Properties LLC, which operates the Storage King USA brand, acquired Capital Boulevard Storage in Raleigh, North Carolina. Built in 2017, the multi-story facility at 8740 Wadford Drive comprises nearly 88,000 net rentable square feet in climate-controlled, drive-up and covered vehicle storage. 

Andover Properties recently purchased a 52,400 net rentable square feet facility in Melton, Florida. This was the company’s sixth acquisition in Greater Pensacola and its 26th in Florida.

Andover Properties established in 2003 and based in New-York, acquires, develops and manages industrial and retail properties in addition to car washes and self-storage facilities. The firm owns and manages 89 storage properties in 16 states, comprising 6.8 million square feet across 48,800 units.


Source:  https://www.insideselfstorage.com/acquisitionsbuying/self-storage-real-estate-acquisitions-and-sales-july-2021