Pinnacle Storage Properties, a Houston-based firm that operates more than 10 Texas self-storage facilities under various names, has acquired AA Climate Controlled Storage in Montgomery, Texas, a suburb of Houston. Built in 2003, the facility at 5699, 18455 TX-105 comprises 58,685 net rentable square feet of storage in 483 climate-controlled units.
The buyer and the Houston-based seller were represented in the transaction by Bill Bellomy and Michael Johnson, brokers with Bellomy & Co.
Pinnacle also recently acquired Storage House of Texas in Garland. It was the first property to be rebranded under Pinnacle’s new Storage Plus brand.
Pinnacle is a privately held real estate owner and operator focused on the acquisition, development and management of self-storage assets. Its investment strategy is to purchase under-leveraged properties in suburban and secondary markets. The company also currently has a location under development in Round Rock, Texas.
With offices in Atlanta, Houston, and Austin, Texas, Bellomy & Co. focuses on the sale of self-storage, industrial, office and retail properties nationwide.
