The asset comprises approximately 37,000 square feet and marks the company’s second acquisition in the attractive Concord, New Hampshire market.
GREENWICH, Connecticut, April 25, 2022–(BUSINESS WIRE)–Storage Ventures, a vertically integrated real estate investment management platform focused on self-storage and related industries, today announced the acquisition of Storage Station in Concord, New Hampshire. Storage Ventures is based in Greenwich, Conn., and is led by founding partner, U.S. real estate executive Douglas Lee.
The company’s acquisition of Storage Station complements its growing portfolio of self-service storage assets in New England. The storage station is located in Concord’s Loudon Road corridor, a thriving commercial area, and just two and a half miles from the New Hampshire State Capital Building. The property is just south of I-393, which serves Portsmouth and the New Hampshire coast, and just east of I-93, which connects the Boston metro area to New Hampshire, Vermont and points to the North. The property is comprised of a six-building complex including self-storage and a rental apartment as well as outdoor parking for cars, RVs and boats.
“We were fortunate to acquire Storage Station, an attractive asset in a tight supply market that we know well given our previous acquisition of Thirty Pines Self Storage,” said Douglas Lee, founding partner of Storage Ventures. “Acquiring multiple properties in a given market strengthens our competitive position and allows us to operate more efficiently. Additionally, by implementing our active management approach, we will improve property operations while improving the experience of our current and future guests.
About Storage Ventures
Based in Greenwich, Connecticut, Storage Ventures is a vertically integrated real estate investment management platform focused on self-storage and related industries. The firm draws on its experience in real estate investing to create tailored solutions for investors and generate attractive risk-adjusted returns. Storage Ventures believes that the performance of its investments is enhanced by industry specialization, vertical integration and alignment of interests.
For more information, please visit www.storageventuresllc.com.
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