Self-storage operator Storage Express has acquired a 60,000-square-foot facility in Indianapolis from Simply Self Storage. The facility, which has more than 500 units, is on the northeast side of the city, near the intersection of Interstate 465 and Pendleton Pike.
Storage Express plans to upgrade the property with new security technology, personalized access-control features, a 24-hour rental center and other amenities.
Based in Bloomington, Ind., Storage Express owns and operates 75 self-storage properties in secondary markets across Illinois, Indiana, Kentucky, Tennessee and Ohio. The company has opened six locations over the past two years and has plans for further construction in new markets this year.