Compass Self Storage, a member of the Amsdell family of companies, has acquired SureLock Self Storage in Fairburn, Ga. The property at 8335 Senoia Road is now the operator’s 10th in the Atlanta area. It was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.
The 5.8-acre facility comprises 84,995 net rentable square feet in 493 climate-controlled and drive-up units. Built between 2003 and 2005, it also features eight covered and uncovered vehicle-parking spaces. Plans are underway to update the property’s security system, according to a press release. Amenities include electronic access, truck rental, and a retail center selling moving and packing supplies.
"This state-of-the-art self-storage center expands our footprint in the greater Atlanta market, and offers our new customers additional convenience and with our upgraded services. We will strive to be the one-stop-shop to help with the moving and storage needs in this market," said Todd Amsdell, president.
SureLock was represented in the transaction by Ryan Clark, senior vice president of SkyView Advisors, a commercial real estate firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales.
The purchase is the fourth for Compass so far this year. Company growth is projected to continue with the acquisition and development of self-storage properties in select markets, the release stated.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.
