Canadian self-storage operator StorageVault Canada Inc. has purchased Airport Road Self Storage in London, Ontario, Canada, for $2.6 million. The acquisition was announced in January and closed in March. It had been contingent to final inspections, financing and approval from the companys board of directors.
The facility has approximately 50,000 square feet of rentable space and outdoor vehicle storage. Company officials said they will also operate a PUPS portable-storage business in conjunction with the property.
StorageVault owns several Canadian self-storage facilities, many in conjunction with a PUPS portable-storage franchise. The company operates a standalone Canadian PUPS facility in Saskatoon, Saskatchewan. It also manages five self-storage facilities in southern Ontario.