The Jenkins Organization Inc., a self-storage operator, developer and management company, has purchased Texas Best Self Storage in Mansfield, Texas. The 39,000-square-foot facility will be expanded to 79,000 square feet this spring. It will be renamed Mansfield Self Storage, company officials said.
The 4.2-acre property is located a half-block south of Debbie Lane on Highway 157. The facility was built in 2002 and offers ground-level standard and temperature-controlled units, onsite management, gated access, surveillance cameras and moving supplies.
The Mansfiled Self Storage purchase fits the mold of the types of properties that we are currently targeting, which are existing, well-located properties that offer expansion capability, said Ricky Jenkins, company president.
The acquisition brings the number of owned and managed properties under The Jenkins Organization to 53, serving approximately 23,000 customers. Based in Houston, the company has a managed-property portfolio valued at more than $200 million. The company specializes in self-storage acquisitions, development and management. Its real estate development services include sale-leaseback and build-to-suit transactions.