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Andover Properties Completes Expansion Project in Argyle, Texas

Storage King USA, the self-storage arm of Andover Properties, has completed a 232-unit expansion of its facility in Argyle, Texas. The project added 38,500 net rentable square feet of storage and 5,750 square feet of flex space. The facility, which also offers enclosed and covered units for RVs and boats, now has a total of 865 units.

The property offers drive-up and climate-controlled self storage, flex space, covered and enclosed RV parking, as well as open parking. The recently built, Class A facility offers gated entry, 24/7 security camera monitoring, wide concrete driveways and LED lighting.

“We are excited to acquire our sixteenth asset in the DFW area,” said Brian Cohen, Andover’s President and CEO, during the acquisition transaction. “In Argyle specifically, the Andover Properties Completes Expansion Project in Argyle, Texas population is expected to grow at 3% annually over the next five years, and the residential development pipeline is strong which bodes well for further self storage demand.”

Michael Wachsman, Andover’s Director of Acquisitions, added, “The property spans 22 acres and an important component of our business plan will be the continued expansion of this asset. The property has already been expanded twice, and has quickly stabilized each phase.”

Andover Properties, LLC is an investment firm that owns, operates and develops commercial property throughout the  United States. The firm focuses on self storage, RV, car wash, retail and industrial assets. The company’s portfolio totals more than 9.9 million rentable square feet  across 129 facilities in 16 states and operates under our Storage King USA brand (https://www.storagekingusa.com).

Andover aims to be a best-in-class, vertically-integrated, owner-operator with entrepreneurial spirit and expertise in acquisitions,  development, capital markets, investment structuring, property management and asset management. The company’s senior leaders have over 200 years of combined real estate experience and our investors and partners include global institutional  investors and high net worth individuals. 

Andover was founded in 2003 by Brian and William Cohen and is headquartered in New York City with offices in Miami  and San Francisco.

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