Go Store It, which operates 20 self-storage facilities in six states, has acquired Avondale Self Storage and Storage Port in Hendersonville, Tenn., and will rebrand them under its name. Combined, they contain more than 60,000 square feet of storage space. The company plans to expand each location by another 50,000 square feet, according to a press release.
“This acquisition presents a unique opportunity for Go Store It and allows us to enter a new market in the Nashville [Metropolitan Statistical Area],” said Neil Dyer, director of acquisitions. “There is a big demand for quality storage and the market has high barriers to entry. We look forward to upgrading the facilities, and we are looking to acquire additional assets in the Nashville area.”
Go Store It is seeking expansion opportunities throughout the country, searching for value-add opportunities as well as new facilities that may not yet be stabilized, the release stated.
Based in Charlotte, N.C., Go Store It specializes in the acquisition, development and management of self-storage assets throughout the county. It currently has more 2 million square feet of storage space under management and construction. It’s an affiliate of Madison Capital Group LLC, which has offices in Charleston, S.C., Charlotte, N.C., and Nashville, Tenn.
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