US Storage Centers Expands Arizona Portfolio

Posted by MiniCo on Jul 22, 2014 12:00:00 AM

US Storage Centers Expands Arizona Portfolio

US Storage Centers today announced that on July 2, 2014, the Company acquired a portfolio of self-storage properties in Tucson, Arizona. The portfolio consists of two storage facilities that total a combined 77,750 net rentable space in 948 units. The properties will be re-branded US Storage Centers.

“2014 has been about executing our plan for strategic growth in our core markets and especially in Arizona. We now have a significant footprint in the Greater Phoenix market and with the acquisition of these two well-located assets we have now stretched our presence to the Tucson submarket,” says Charles Byerly, the company’s President and CEO.

Mark McGilvray, Executive Vice President, said: “we look for opportunities where we can add value through operational and physical improvements and these two properties meet our criteria perfectly. We see great potential for increasing revenue in these properties through our revenue management and digital marketing platforms. I’m very excited about the acquisition of these two storage facilities.”

The two properties are respectively located at 4115 E. Speedway, Tucson, AZ 85712 and 2825 N. 1st Avenue, Tucson, AZ 85719.

US Storage Centers has been a leading owner operator in the storage industry for nearly 30 years. It currently has over 5,000,000 rental square feet under management, which is comprised of self storage and RV and Boat storage. The company is the tenth largest operator in the U.S. and continues to grow through acquisition, development and third party management services.

About US Storage Centers

Founded in 1985, US Storage Centers is an owner / operator of self storage facilities in 12 states. US Storage Centers is a vertically integrated real estate company, specializing in the self storage industry, that develops, acquires and manages its own portfolio as well as provides third party management services. As of April 2014 it has well over five million rentable square feet under management and employs over 200 people nationwide. US Storage Centers is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, as well as Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $2.7 Million and Charity Storage has raised nearly $200,000.

(via PRWeb)