Equity Based Services Inc. (EBS) purchased Advantage Storage in Rockwall, Texas for an undisclosed amount. Advantage is a class-A facility with 68,075 net-rentable square feet with 569 units, 247 of which have climate control. The occupancy at the time of the sale was 90 percent.

September 18, 2009

1 Min Read
Equity Based Services Acquires Texas Self-Storage Facility

Equity Based Services Inc. (EBS) purchased Advantage Storage in Rockwall, Texas, for an undisclosed amount. Advantage has 68,075 net-rentable square feet with 569 units, 247 of which have climate control. The occupancy at the time of the sale was 90 percent.

EBS will assume the existing debt. The existing loan is a 10-year, non-recourse loan at a fixed rate of 5.32 percent and a 30-year amortization. The facility will be rebranded American Mini Storage and managed by All American Property Management Inc., a wholly owned subsidiary of EBS.

EBS is a private real estate company specializing in the acquisition and management of self-storage. The company currently owns and operates 63 self-storage properties in 11 states.

Related Articles:

Equity Based Services Acquires Anchor Mini Storage

Equity Based Services Buys Two Texas Facilities

Equity Based Services Purchases Arlington Self-Storage Facilities

NitNeil Acquires Georgia Facility for $3.6M

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like