The Amsdell family of companies recently acquired Moore Self Storage, a 646-unit facility in Pittsburgh for an undisclosed amount.
Built in 1999, the 41,125-square-foot facility was converted from a warehouse to self-storage about 10 years ago. The storage center currently offers climate-controlled units; truck rental and boxes and packing supplies will soon be added.
Amsdell’s growing self-storage portfolio also includes the purchase of three properties in the Detroit metro area, in addition to several existing locations throughout Florida and Ohio. The new facilities are all operated by Compass Self Storage LLC, a member of the Amsdell family of companies.
“We are excited to continue to add great properties to the Amsdell family of high-end self storage centers,” said company president Todd Amsdell. “We are thrilled to expand our service area in Pittsburgh and to continue offering quality self-storage and moving solutions to our customers. We plan to continue to expand throughout the greater Midwest and look forward to growing the Compass Self Storage brand.”
Dan Burkons and Richard A. Schontz, investment specialists in the Cleveland office of Marcus & Millichap Real Estate Investment Services represented the seller and the buyer. Spencer Yablon, broker of record in Pennsylvania, assisted in closing the transaction.
Headquartered in Cleveland, Ohio, the Amsdell Cos. draw their roots from the family-owned construction company founded in 1928. Since that time, the company has since been active in several billions of dollars worth of real estate ventures with a primary focus on self storage.