Compass Hits Milestone with Greater Cincinnati Acquisition
- Jun 13, 2016
Cold Spring, Ky.–Compass Self Storage, a member of the Amsdell family of companies, has purchased a new self-storage center in Cold Spring, Ky., a suburb of Cincinnati. With this acquisition, the company now has 70 properties in its portfolio.
Located at AA highway and State Route 915, the property offers more than 65,000 net rentable square feet and features drive up and climate-controlled units, electronic access, online payments, truck rental and a full line of moving and packing supplies. The new Compass Self Storage location at 6307 Licking Pike will also offer a smart phone app that will allow customers remote gate access via their phone.
“The addition of this self storage property will allow us to further expand in the greater Cincinnati market and offer a convenient, one-stop shop for the moving and storage needs for the residents and businesses in this area,” stated Todd Amsdell, president.
Both the buyer and seller were represented in the transaction by Ryan Clark, senior vice president, and Jay Crotty, managing partner, of SkyView Advisors, the Inside Self Storage reported.
Compass Self Storage currently has seven locations in the greater Cincinnati market. Earlier this year, the company bought its fifth Nashville area facility. Recent expansions also include the purchase of a new self-storage center in Taunton, Mass. and the acquisition of the company’s third property in Philadelphia.
Image courtesy of Compass Self Storage