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Boardwalk Development Group Acquires Large Boat/RV Self-Storage Park in Canton, GA

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Boardwalk Development Group LLC, a self-storage acquisition and development company, has purchased Killian’s Park N Store, a boat- and RV-storage facility in Canton, Ga. The property at 1265 Univeter Road is the largest of its kind in Cherokee County, according to a press release.

Boardwalk has redesigned the parking layout to add more than 100 new spaces. The company also plans build 80,000 square feet of climate-controlled and traditional storage units next year, the release stated.

“We have developed a strong marketing plan to ensure we fill every available parking space, including the launch of a new interactive website [that] will allow customers to rent a parking space online and pay their bill online,” said CEO Rajen Sheth. “To provide greater convenience, Boardwalk plans to install a self-service kiosk on site and offer concierge services. The concierge will assist Killian’s members with arranging transportation to the airport, boat and RV detailing, and arranging repair services.”

The developer launched a $10 million equity-investment fund called Boardwalk Storage Fund I LLC last year, with the intent to purchase $50 million in self-storage properties. The fund will focus on facilities valued at $2 million to $8 million in Alabama, Florida, North Carolina, South Carolina, Tennessee and Virginia.

Headquartered in Johns Creek, Ga., Boardwalk is led by Sheth, who launched the ValueSpace Storage Fund I in 2008. The brand was sold last year to SecurCare Self Storage, one of eight participating regional operators of National Storage Affiliates Trust, a self-administered and -managed real estate investment trust headquartered in Greenwood, Colo.

 

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