Sparkplug Capital LLC, which operates self-storage properties under the Red Dot Storage brand, has acquired four self-storage facilities in Illinois, Kansas and Kentucky. The properties comprise a combined 125,174 square feet in 1,018 storage units, according to a press release.
The facilities are:
- 4 Your Stuff Storage at 3117 W. Chain of Rocks Road in Granite City, Ill. The facility comprises 67,869 rentable square feet in 404 units.
- Arrowhead Mini Storage at 3429 W. 8th St. N. in Wichita, Kan. The 16,405-square-foot property offers 223 units.
- Bellefonte Storage in Ashland, Ky. The property at 103 Jane Hill Road comprises 21,150 rentable square feet in 225 units.
- Vail Avenue Storage at 2227 N.W. Vail Ave. in Topeka, Kan. The facility offers 19,750 rentable square feet in 166 units.
Red Dot plans to upgrade the facilities with new access-control systems, asphalt repairs, LED lighting and video cameras. In addition, a 24-hour rental center will be added to each site.
“We are thrilled about our continued growth and are looking forward to providing the Red Dot Storage experience to even more customers,” said Seth Bent, CEO.
The deals come less than a month after Red Dot acquired three facilities in Kansas and one in Louisiana.
Based in Boulder, Colo., Sparkplug launched Red Dot in 2013. It operates 131 self-storage facilities in 15 states. Its portfolio comprises more than 5.1 million net rentable square feet.