SecurCare Self Storage Buys ValueSpace Storage Portfolio in Atlanta
Staff Report From Metro Atlanta CEO
Monday, August 10th, 2015
SecurCare Self Storage Inc., an affiliate of National Storage Affiliates Trust, has acquired the two-property ValueSpace Storage portfolio in Georgia. The facilities at 141B Butterworth Road in Canton and 5990 Parkway N. Boulevard in Cumming are approximately 30 miles north of Atlanta.
The total net rentable area of the portfolio is 96,000 square feet, with the ability to expand, according to a press release from JLL (Jones Lang LaSalle) Capital Markets, the investment-management firm that brokered the deal. Property features include climate control, drive-up units, electronic access, perimeter fencing, outdoor parking, rental mailboxes and video cameras.
The transaction was brokered by Steve Mellon and Brian Somoza, managing directors of the National Self Storage Team for JLL. “The portfolio is well-occupied, and because each site has room for expansion, the new ownership has the opportunity to create additional revenue,” Mellon said.