Amsdell Storage Ventures I LLC has acquired its third self-storage facility in the Detroit metro area. Built in 2002 and previously operated as Premium Self Storage, the Madison Heights, Mich., facility has 75,075 rentable square feet of storage space in 664 units. The site will now be operated by Compass Self Storage LLC, a member of the Amsdell family of companies. The address is 32000 John R. Road.
Amsdell Storage Ventures plans to expand further in the Detroit area, looking to add to its portfolio in the market, according to company President Todd Amsdell. The company also recently purchased self-storage facilities in Rochester Hills and Novi, Mich.
The Amsdell family of companies is headquartered in Cleveland, Ohio. It draws its roots from the family-owned construction company founded in 1928, and has since been active in several billions of dollars worth of real estate ventures, with a primary focus on self-storage. The Amsdell team has more than 80 year of experience in property acquisition, construction and property management.