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Go Store It Portfolio Sold

Go Store It Portfolio Sold
Posted: 1/13/2017 Link: SpareFoot.com
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 Austin and Houston-based Yellowstone Investments purchased the two-property Go Store It portfolio in the Houston metro area. The two facilities located at 16660 Wallisville Road in Channelview, TX and 1777 N. Loop 336 West in Conroe, TX together total 1,434 units and 252,000 square feet.

“Both are typical Yellowstone acquisitions with below market occupancy, opportunity for immediate rent rate growth, included land for expansion and potential to be the market dominant storage facilities in their areas,” said principal George McCanse.

The properties will be self-managed under the LockTite brand name, bringing Yellowstone’s total portfolio to 9 facilities.

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