Westport Properties Inc. (WPI), which operates more than 120 self-storage facilities under the US Storage Centers brand, has purchased a Move It Self Storage facility in Austin, Texas. The facility at 5405 Wasson Road will be re-branded as US Storage Centers, according to a press release.
Near Interstate 35, the facility comprises 43,775 square feet of storage space in 379 units. Features include climate control, electronic-gate access, vehicle storage, video cameras, and a retail store that sells moving and packing supplies.
US Storage Centers now operates 20 facilities in Texas, including two in Austin. “We are a long-term believer in the Austin self-storage market, and are confident that the city will continue to attract bright and energetic people wanting to grow roots in this very popular city,” said Charles Byerly, CEO and president of WPI. “Getting an opportunity to purchase another Austin facility and have a strong foothold in the market is always a benefit we look for as we implement our acquisitions strategy.”
US Storage Centers represented itself in the acquisition. The seller was represented by John Arnold, Bill Bellomy and Michael Johnson, of Bellomy & Co, a real estate firm with offices in Atlanta, Houston and Austin, Texas.
Last week, WPI purchased Philly Self Storage in Philadelphia. The facility comprises 107,606 square feet of storage space in 1,545 units. The company also completed the development of its six-story property in Miami. Built in a partnership with The Feldman Cos., it comprises 166,256 square feet of storage space in 1,270 units.
Founded in 1985 and based in Irvine, Calif., WPI is a real estate investment company that acquires, develops and operates self-storage facilities, and provides third-party management services. Its portfolio comprises 8 million rentable square feet in 15 states.
Headquartered in Dallas, Move It owns and operates 50 facilities comprising 4 million square feet of storage space in six states. It’s a participating regional operator of National Storage Affiliates Trust, a Maryland real estate investment trust specializing in self-storage.