US Storage Centers Inc. (USSC), which owns and operates more than 85 self-storage facilities in 13 states, has made its first Nevada acquisition with the purchase of American Mini Storage in Las Vegas. The company provided third-party management for the property at 6380 Annie Oakley Drive for about a year prior to the buy.
“Having managed this property, we were comfortable making our initial ownership play into this market,” said Mark McGilvray, executive vice president for USSC. “USSC has made operational gains with onsite management, collections and in-place effective rents at this location, and we expect to see additional increases in these areas with the continued implementation of our advanced operations and marketing platforms.”
The facility comprises 68,593 rentable square feet of space, 11,088 of which are covered parking for boats, RVs and other vehicles. The two-story property has 508 units, nearly half which offer climate control.
In June, USSC made its first Texas acquisition with the purchase of All Star Storage in Plano. Although the company has provided third-party management services for eight Texas storage facilities, including one in Plano, it was its first purchase in the state.
Irvine, Calif.-based USSC is a real estate investment company that acquires, develops and operates self-storage facilities as well as provides third-party management services. The company is affiliated with Westport Memphis Self Storage LLC and Westport Properties, a full-service real estate company specializing in self-storage facilities.
Sources:
- PR Web: US Storage Centers Announces First Acquisition in Nevada
- SpareFoot: Website
