Apple Self Storage, which operates 26 locations in New Brunswick, Nova Scotia and Ontario, Canada, has purchased two facilities in Niagara Falls, Ontario, totaling 46,437 rentable square feet of storage space in 458 units. The facilities are at 4655 Kent St., close to the Ontario Highway 420 junction, and 7017 Oakwood Drive, along Queen Elizabeth Way at the McLeod Road exit. Both offer drive-up and climate-controlled units.
“This strategic acquisition is accretive to our portfolio in many categories, including our expansion in to the Golden Horseshoe. At 97 percent occupancy, these two properties represent a proven income stream with imbedded operational upside,” said David Allan, who handles business development and acquisition for Apple. "The Niagara Falls area is a wonderful place to live and work, and has so many exciting things happening here already. These two facilities will complement our St. Catharines facility nicely, and will allow us to engage with the community in a more intimate way. We’re looking forward to being a part of the community.”
Founded more than 35 years ago, Apple Self Storage is family-owned and -operated. Its properties comprise more than 1.2 million square feet of rentable space. The company currently has more than 350,000 square feet of self-storage under development.