Real estate investment firm World Class Capital Group LLC (WCCG) has acquired a seven-property self-storage portfolio in Columbus, Ohio. Formerly operated as Mini Storage Depot, the facilities will be rebranded and managed by Great Value Storage, WCCG’s storage-management platform. The acquisition adds 3,537 storage units to the company’s portfolio.
Last month, WCCG purchased four properties in Illinois and New York from Prime Equities LLC, a real estate developer. The acquisition includes AAA Storage facilities in Champaign and Urbana, Ill., and Ace Self Storage properties in Hyde Park and Newburgh, N.Y.
Great Value Storage 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 portfolio currently consists of 57 facilities nationwide, with more than 25,000 self-storage units and 3.6 million square feet of storage space.
WCCG plans to acquire additional portfolios and single self-storage assets throughout the country as well as build new facilities in select markets, according to CEO Nate Paul, who was recently named “one of the most compelling people to watch in the Austin business community,” by the “Austin Business Journal.”
Based in Austin, Texas, with a satellite office in New York City, WCCG is a national real estate investment firm focused on acquiring, developing and managing real estate. Its portfolio includes investments in self-storage as well as industrial, multi-family, land, office and retail.
Mini Storage Depot operates self-storage facilities in Indiana and Michigan. The company is owned by The Sterling Group, which acquires, constructs, develops and manages real estate properties including self-storage as well as apartments, multi-family, senior communities and student housing.
Sources:
- Austin Business Journal: Austin Company Invests Deeper in Self Storage by Nabbing Ohio Portfolio
