Westport Properties Expands Central Florida Portfolio
- May 18, 2021
Westport Properties has purchased a new, 74,188-square-foot, 715-unit self storage facility near Orlando, Fla. Westport bought the property from a private investor for nearly $10 million, Yardi Matrix data shows.
The property delivered in 2019, initially operating as Secure Store Clermont. First Colony Bank had provided the seller with $6.8 million in construction financing. The split-level facility has drive-up access and includes both climate-controlled and non-climate-controlled units ranging from 25 to 300 square feet. Amenities include electronic gated access and 24-hour video surveillance.
Located on a 5.3-acre parcel at 3050 U.S. Highway 27 in Clermont, the property is 25 miles west of downtown Orlando. The area is home to a big-box retail corridor including Kohl’s and Walmart within half a mile of the facility.
Westport subsidiary US Storage Centers represented itself in the acquisition. The asset is the fifth property within its Orlando-area portfolio.
Earlier in the year, Westport Properties joined forces with Heitman to complete the $25.1 million acquisition of a newly delivered, 970-unit self storage asset near Boston.