Compass Self Storage LLC, a member of the Amsdell family of companies, has purchased a self-storage facility in Asbury, N.J., its 60th location nationwide. The property was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.
The property at 190 Route 173 W. is comprised of more than 64,000 net rentable square feet of storage space. Features include drive-up and indoor climate-controlled units, electronic access, truck rental, video cameras, and a retail center that offers moving and packing supplies. Compass plans to make several improvements to the facility, including upgrading the office, rebranding the signage and adding more lighting.
"We are excited for Compass to hit the 60-store milestone with the acquisition of this quality self-storage center in Asbury. We look forward to serving the community as a one-stop solution for their self storage and moving needs," said Todd Amsdell, president.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.