Morningstar Properties Acquires Self-Storage Facility in Yorktown, VA

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Self-storage operator Morningstar Properties LLC acquired a facility in Yorktown, Va., expanding its presence in the Tidewater region of Virginia to four properties and more than 300,000 square feet. The company owns and operates facilities in Chesapeake, Norfolk and Virginia Beach. The store will be rebranded Morningstar Mini-Storage and will undergo an office remodel.

The facility is in a thriving market in the Hampton Roads metropolitan statistical area (MSA) on a busy thoroughfare, Hampton Highway, and is convenient to Langley Air Force Base, the company said. Totaling 71,370 rental square feet with 499 units, the facility includes amenities such as temperature-controlled units in a range of sizes, onsite management, and office space available for lease. The management office offers packing supplies and boxes and will accept deliveries on behalf of customers during business hours. In addition, new customers have free use of the facility’s truck to move items into storage.

“The quality of the facility and excellent demographics enhance our portfolio of properties in the Hampton Roads MSA,” said Dave Benson, president. “The facility is well-located in a strong-growth market, and we are excited to add it to our existing Virginia footprint. This acquisition is a welcomed addition to the Morningstar family and presents a great opportunity for us to build our brand in the Hampton Roads area of Virginia.”

Founded in North Carolina in 1981, Morningstar owns and operates facilities in Florida, Georgia, Nevada, North Carolina, Ohio, South Carolina, Texas and Virginia.

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