Andover Properties Acquires “Parkmore Storage” in Milton, FL

Andover Properties (dba Storage King USA) has recently acquired “Parkmore Storage,” its fourth acquisition in the Milton, FL area. The 56,450 sq ft facility consisting of a mix of traditional drive up units, climate control, office and parking spaces across its 360 units. The property has enjoyed strong occupancy and sits on a more than 15 acres, which the company plans to utilize for a large expansion of the asset.

“This facility further increases our already strong presence in the market”, said Zachary Harding, Andover’s CIO. “We now have four convenient locations in the area, and look forward to bringing our best-in-class, institutional management practices to another mom-and-pop asset to professionalize the self storage rental experience for our customers.”

The Storage King USA portfolio now totals 122 facilities in 16 states across the country, with 31 in Florida.

About Andover Properties, LLC
Andover Properties, LLC is an investment firm that owns, operates, and develops commercial property throughout the United States. The firm focuses on self storage, RV, car wash, retail, and industrial assets. We are one of the largest private owner-operators of self storage facilities in the United States. Our current portfolio totals over 9.2 million rentable square feet across 122 facilities in 16 states and operates under our Storage King USA brand (https://www.storagekingusa.com).

We are a best-in-class, vertically-integrated, owner-operator with entrepreneurial spirit and expertise in acquisitions, development, capital markets, investment structuring, property management, and asset management. Our senior leaders have over 200 years of combined real estate experience and our investors and partners include global institutional investors and high net worth individuals.

Andover was founded in 2003 by Brian and William Cohen and is headquartered in New York City with offices in Miami and San Francisco.