Andover Properties Acquires 94,000 Square Foot Self-Storage Facility in Napa, California
Andover Properties has announced the acquisition of a recently constructed self-storage facility located at 400 Devlin Road in South Napa, California. The property, which will operate under the Storage King USA brand, features approximately 94,000 net rentable square feet across 666 units and includes specialized amenities such as climate-controlled wine lockers. The acquisition is part of Andover Properties' strategy to expand its national self-storage portfolio by targeting high-income markets with durable demand. The firm intends to leverage its vertically integrated operating platform—covering management, marketing, and revenue optimization—to drive value from the asset.
Topics: asset management real estate investment self storage acquisition