Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has completed the acquisition of an 85,768 net leasable square foot, all single-story self storage facility with 739 rental units in Lima, Ohio. The Global Self Storage Lima store is located between Toledo, Ohio and Dayton, Ohio and is set to open under company management on August 30, 2016.
"We are confident the Global Self Storage store in Lima will be an immediately accretive addition to our portfolio, which now consists of eight self storage stores," said president and Chief Executive Officer of Global Self Storage, Mark C. Winmill. "Through our professional management practices, we can capitalize on the full potential of this store, which is the dominant self storage facility in Lima."
"We continue to evaluate our target markets for properties like this one -- properties that not only have the opportunity for significant profit expansion, but also present the highest barriers to entry to our competition."
About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eight self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us