Colorado-based Red Dot Storage has acquired Safe Self Storage in Gurnee, Ill. Opened in 1984, the property at 1797 N. Delany Road contains nine storage buildings on 4.2 acres of land. It’s comprised of 55,000 square feet of storage space in 475 units, some of which offer climate control. Red Dot plans to add new access-control and security features, including a gate system, as well as a 24-hour, automated rental center, and new pavement and lighting.
"The new Gurnee property is a great addition to our growing Red Dot Storage portfolio," said Seth Bent, company president. "We are excited to bring new and existing customers property improvements and a greater ease of doing business through our automated kiosks and superior customer service."
Red Dot was recently identified as one of eight independent self-storage operators expected to grow significantly in 2015 by SpareFoot, an online marketplace for self-storage consumers. The company’s goal is to purchase more than 50 facilities in the north-central states this year, according to “The SpareFoot Storage Beat.”
The company has purchased several facilities in Illinois this year, including two Stor Tek properties last month and the five-property DeKalb County Self Storage portfolio in February.
The Red Dot brand is operated by Boulder, Colo.-based Sparkplug Capital LLC. Launched in 2013, it owns and operates 23 storage properties in Illinois and Wisconsin.
Sources:
- MarketWired: Red Dot Storage Acquires New Property in Illinois
