Andover Properties Closes on a Five-Property DFW Portfolio
Andover Properties, LLC (dba Storage King USA) has recently acquired a five-property portfolio located in the Dallas-Fort Worth metro area in an off-market transaction. Andover’s portfolio includes nine facilities in this market and nineteen in the state. The five-property, single-story portfolio is over 372,500 NRSF and 2,045 units, comprising a mix of drive-up, climate-controlled, covered RV, commercial, and open parking spaces. All five properties are generally newer product, with one first built in 2004 and further expanded in 2021, while the others were built between 2014-2017. All five properties have expansion potential and directly behind one of the properties, is a 7.2 acre parcel on which Andover plans on building an RV expansion.
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