Compass Self Storage LLC and Amsdell Group LLC, separate affiliates of the Amsdell family of companies, have purchased a self-storage property in Roseville, Mich., the Compass brand's 40th property in total and its 10th in the state. The acquisition also marks the company's 11th self-storage purchase in 2013.
Located at 29500 Hayes Road, the facility comprises more than 77,000 net rentable square feet and will be rebranded under the Compass name. It features drive-up unit access, climate control, digital surveillance, online payment options, and a full line of moving and packing supplies.
"We are thrilled to expand our footprint in the Greater Detroit market to include this location in Roseville," said Todd Amsdell, president. Company growth is projected to continue in 2014 with the acquisition and development of quality storage properties in select markets, according to a company press release.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania and Tennessee.