US Storage Centers Leaps In
- Aug 14, 2015
After managing a self-storage facility for a year, US Storage Centers has gone all in and acquired the property. The asset is the company’s first in the Las Vegas market.
US Storage Centers
Located at 6380 Annie Oakley Drive, the facility features 68,593 square feet, 11,088 of which are covered parking for RV, boat and vehicle storage. The asset comprises 508 storage units on two floors; 44 percent are air-cooled.
Mark McGilvray, USSC’s executive vice president, explained that the firm is comfortable with making this acquisition its first play in the Las Vegas market because it knows what to expect in terms of performance.
“USSC has made operational gains with on-site management, collections, and in-place effective rents at this location, and we expect to see additional increases in these areas with the continued implementation of our advanced operations and marketing platforms,” he said in a statement.
Image courtesy of US Storage Centers