US Storage Centers Acquires Portfolio in Phoenix, AZ

US Storage Centers Acquires Portfolio in Phoenix, AZ
Posted: 1/24/2017 Link:
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US Storage Centers (USSC) announced today that it acquired three self storage facilities in Phoenix, AZ, located at: 1940 E. Indian School Rd.; 4817 N. 7th Ave.; and 2563 W. Indian School Rd.

"The acquisition of this portfolio marks a great start to 2017 and indicates how full our acquisition and development pipeline is for the rest of the year,” said Jason Lopez, vice president of marketing. “With these three properties, our Phoenix portfolio now includes seven properties, and there are another four locations in this market we expect to add to our portfolio early this year. Phoenix has been one of our best performing markets, so we are very excited about these new additions to our portfolio.”

The portfolio includes over 75,000 rentable square feet, and 1,507 storage units. All three facilities are climate controlled and include many additional features such as convenient elevator access, and security. They are all located in densely populated areas on major arterial roads with heavy traffic counts.

About Westport Properties – US Storage Centers

Founded in 1985, Westport Properties Inc. is the parent company of US Storage Centers (USSC) and owns and operates self storage facilities in 13 states. The Company is a fully integrated operator that develops, acquires and manages its own portfolio—additionally, the company provides third-party management services. As of February 2015, it has over 6.5 million rentable square feet under management and employs over 200 people. US Storage Centers is a founding partner of the 501(c)(3) Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)(3) that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $4 million and Charity Storage has raised nearly $220,000.

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