Storage Pros Management LLC (SPM), which owns and manages more than 50 self-storage facilities throughout six states, recently acquired Vanguard Self Storage in Old Hickory, Tenn., a suburb of Nashville. It will be rebranded as Storage Pros Old Hickory.
The property at 316 Martingale Drive encompasses 40,000 square feet of storage space and more than 135 covered parking stalls for boats, RVs and other oversized vehicles. It’s less than 15 miles northeast of Nashville, near the Cumberland River, according to the facility website. Business offerings include drive-up units, delivery acceptance, tenant insurance, electronic gate access, and moving and packing supplies.
SPM now owns and operates 14 self-storage facilities in the Nashville and Knoxville, Tenn., markets. “We see significant opportunity by adding this facility to the Storage Pros family,” said David Levenfeld, president and CEO. “It had been operated as a standalone property and will now benefit from the revenue maximization, marketing and expense-control facets of the Storage Pros operating platform. We are especially pleased to grow our footprint in the growing Nashville [metropolitan statistical area].”
SPM owns 49 facilities and manages an additional seven in Florida, Massachusetts, Michigan, New Hampshire, Rhode Island and Tennessee. The properties comprise more than 3.2 million square feet of storage space and more than 28,500 units and parking spaces.