Prime Storage Group Buys 3 Virginia Self-Storage Facilities for $12.2M

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Prime Group Acquisitions LLC, an investment firm based in Upstate New York that operates self-storage facilities as Prime Storage Group, has purchased three storage properties in Williamsburg, Va., for $12.2 million.

The company acquired Williamsburg Storage on June 6 for $3 million. The facility at 5151 Mooretown Road comprises 42,344 square feet. Features include climate control, video surveillance and complimentary document destruction for tenants.

Prime purchased Climatrol Self Storage on June 12 for $3.1 million. The 57,000-square-foot facility at 9297 Pocahontas Trail offers interior, climate-controlled and lighted units. Amenities include electronic gate access, a fenced perimeter, video surveillance, an intercom system, and an array of boxes and moving supplies. The facility also offers wine storage.

The company also acquired the AAAA Self Storage facility at 6515A Richmond Road on June 12 for approximately $6.1 million, according to the source. The 81,100-square-foot facility offers drive-up storage, climate control, video surveillance and moving supplies. AAAA operates several facilities in 16 states.

Mid-Atlantic Commercial Realty representatives Monty Spencer Jr., senior vice president, and Fred Paris, agent, brokered the deals. Mid-Atlantic is working with Prime on additional acquisitions in the region, the source reported.

Prime Storage Group is a family-owned and managed real estate company focused on the ownership, operation, acquisition and development of self-storage facilities across the United States. It operates several storage properties in Connecticut, Maine, New Hampshire, New York and Virginia.

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