Andover Properties Acquires Self Storage Facility in Leominster, Massachusetts
Andover Properties has acquired a self storage facility located at 123 First Street in Leominster, Massachusetts. The property spans nearly 62K net rentable square feet across almost 800 units and includes climate-controlled options as well as additional amenities like elevators, freight lifts, loading docks, and video surveillance. The acquisition aligns with Andover's strategy of acquiring high-quality facilities from independent owners to expand its presence in the Northeast. The facility will operate under Storage King USA, leveraging Andover’s operating platform for property management, marketing, revenue optimization, and more. This purchase adds another asset to a portfolio exceeding 14 million square feet across over 175 locations nationwide. Founded in 2003 by Brian and William Cohen, Andover Properties is one of the largest private owner-operators of self storage facilities in the U.S., with operations spanning multiple alternative real estate sectors including manufactured housing, RV parks, small-bay industrial, and car washes.
