Store Here LLC, a joint venture between property-management company Store Here Management LLC and affiliates of real estate investment firm Westport Capital Partners LLC, has acquired All Guard Self Storage in Griffin, Ga. The property at 1948 Zebulon Road encompasses 56,925 rentable square feet of storage space on 5 acres of land, with room for expansion. It includes seven self-storage buildings as well as a management office.
Property amenities include climate control, vehicle parking, wide drive aisles, video cameras, computerized gate entry, and the sale of moving and packing supplies.
Dale C. Eisenman, president of Midcoast Properties Inc., represented the seller in the transaction. Midcoast is a commercial real estate firm with a focus on self-storage in the Southeast. The company offers brokerage services to self-storage owners and investors in Georgia, North Carolina and South Carolina.
Store Here has made several acquisitions in the past few months. The company purchased a three-property self-storage portfolio in Kansas City and Shawnee, Kan., and also acquired 13 facilities in Georgia, Kansas and Texas for $48 million in November. The properties comprised more than 855,000 rentable square feet in more than 6,100 units.
Westport Capital Partners provides domestic and international investment opportunities to institutional and private clients. The firm invests in a wide variety of real estate assets through its various funds. It has offices in London, Los Angeles, and Wilton, Conn.
Store Here Management is a division of RHW Capital Management Group. Its acquisition and analysis division focuses on the self-storage industry. The Store Here portfolio of 20-plus facilities comprises more than 1.4 million rentable square feet. RHW plans to expand the brand through property acquisitions and management contracts, company officials said in a press release.
