Compass Self Storage LLC, a member of the Amsdell family of companies, recently acquired a self-storage property in Spring Hill, Fla., the company’s 11th facility in the Florida market. The property at 10161 County Line Road encompasses more than 89,000 net rentable square feet and will be rebranded under the Compass name. The facility features drive-up and climate-controlled units, outdoor parking, digital video surveillance, online payment options, and moving and packing supplies.
“We look forward to servicing the moving and storage needs of our new customers in Spring Hill with the acquisition of this self-storage center,” said Todd Amsdell, president.
The acquisition was made by separate affiliates of Amsdell Group LLC and Compass Self Storage and gives the company a larger footprint in the Tampa-St. Petersburg, Fla., market, where it currently operates three facilities. Company growth is projected to continue in 2014 with the acquisition and development of self-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.