Self-storage operator KMG Conversion LLC has purchased Spur 122 Storage in San Antonio. The six-building property comprises 38,870 square feet and will be rebranded as 37/410 Self Storage due to its proximity to the intersection of Interstate 37 and Loop 410 in the southeast part of the city, according to the source.
The property is just north of U.S. Highway 181 on a segment of South Presa Street also known by its state-designated highway name Spur 122, the source reported. The facility has onsite management, gated access and video cameras. It will be managed by RPM Storage Management LLC of New Braunfels, Texas.
Paul Krause, managing partner of KMG Conversion, said he and business partner Mark Skeans were drawn to the property because it is in a growing area of the city. “We’re very excited about this opportunity in the rapidly growing southeast quadrant of San Antonio and look forward to serving the area’s residents and businesses,” Krause said in a company press release.
KMG Conversion also owns Mission Road Mini Storage and Potranco Self Storage in San Antonio.
Sources:
- San Antonio Business Journal: Spur 122 Self Storage Under New Ownership
