Valley Storage Co., which operates 15 self-storage facilities in Maryland, Ohio, Pennsylvania, Virginia and West Virginia, has acquired Fields Store-All Ltd. in North Ridge, Ohio. The property at 34425 Lorain Road contains 269 drive-up storage units. Valley Storage plans to add new signage to the property as well as update its website to include online reservations and billpay capabilities, according to a company press release.
Just south of the Interstate 80 and Ohio State Route 10 junction, the facility will serve residents of Avon, Elyria, Middleburg Heights, North Olmstead, North Ridgeville and Westlake, Ohio, the release stated. It will be managed by Storage Asset Management Inc., a York, Pa., property-management and consulting company.
“We are looking forward to being able to service the North Ridgeville community with even more locations and continuing our high standard of customer service,” said owner Todd Snook.
The seller was represented in the transaction by Ryan Clark, senior vice president of SkyView Advisors, a boutique firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Based in Tampa, Fla., the firm also has offices in Cleveland and Milwaukee.
Based in Hagerstown, Md., Valley Storage opened its first self-storage location in Williamsport, Md., in 1986. It currently owns more than 1 million square feet of storage space.