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Athena Real Estate, LLC. Acquires a Charleston, SC Self Storage Facility

Athena Real Estate, LLC. Acquires a Charleston, SC Self Storage Facility
Posted: 5/19/2017 Link: GlobeNewswire.com
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Athena Real Estate, LLC. is pleased to announce the acquisition of Pack Rat Self Storage (to be re-named Out O’ Space Storage), an approximate 400 unit or 45,700 square foot facility located at 2170 Greenridge Road, North Charleston, South Carolina. The property, acquired through an Athena affiliate, is similarly branded as six other Athena affiliate self storage facilities located in Florida and provides for residential and commercial storage. The property is centrally located and is in close proximity to a number of apartment complexes, universities, technical schools and businesses. The property offers both climate controlled and non-climate controlled space and sells moving and storage supplies.

This property is one block off of Rivers Avenue, a seven-lane highway with an average daily traffic count of approximately 67,000. The property has approximately 5,000 residential units nearby.

Richard J. O'Brien, Chief Executive Officer and Founder of Athena Real Estate, LLC, said, "This is our first property in South Carolina and we are extremely excited and pleased with this acquisition, which is in a wonderful location. This property is a great addition to our growing portfolio of self storage facilities.”

O’Brien added, “Out O’ Space Storage, North Charleston is the first of many acquisitions to come in Charleston and South Carolina, which should add to our growing Southeast portfolio.”

About Athena Real Estate, LLC

Athena Real Estate, LLC is a real estate investment and advisory firm focused on specialty collateral properties, including RV parks, manufactured housing communities, and self-storage facilities. Athena currently operates 18 commercial properties mainly in Florida. Located in Danbury, CT, the company's operating philosophy is to obtain premium returns by acquiring niche property types where focused management can provide a competitive advantage. Athena was founded in 2004 by Richard J. O'Brien, who is a former executive of a mid-cap public REIT and a large real estate financial services and investment company.

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