Compass Self Storage, a member of the Amsdell family of companies, has acquired American Storage Center in Snellville, Ga. It’s the company’s eleventh location in the Greater Atlanta market, according to a press release. The site was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.
The property at 3464 Stone Mountain Highway comprises 58,000 net rentable square feet in climate-controlled and drive-up units. Compass plans to expand the property and remodel the rental office. It’ll also upgrade the security system with the installation of individual access control. The property offers truck rentals, and a retail center that sells moving and packing supplies.
"We are proud to expand our footprint further in Atlanta, which has proven to be a dynamic market for us. Compass Self Storage will offer our customers top-notch product and customer service to make moving and storing an easy process,” said Todd Amsdell, president.
Compass was represented in the transaction by J.L. “Chip” Mack III, a partner with real estate firm McWhirter Realty Partners LLC.
Compass continues to be aggressive in acquiring self-storage properties, completing three purchases last month, the release stated. The acquisitions included Safe & Secure Self Storage in Ft. Worth, Texas, and Franklin Park Self Storage in Sewickley, Pa.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.