Southern Self Storage has purchased Seagrove Beach Self Storage in Santa Rosa Beach, Fla., and rebranded the facility under its operating name. The acquisition is the company’s second since it sold its 21-property portfolio to real estate investment trust Public Storage Inc. in 2013. The first acquisition, 4150 E. County Road 466 in Oxford, Fla., was made in February.
The new property at 4927 E. County Highway 30A features a three-story structure encompassing 65,540 square feet of storage space in 577 units. Built in 2006, the building features electronic access, freight elevators and a sprinkler system.
The property caters to 16 beach communities along a 26-mile stretch of Northwest Florida’s famed Emerald Coast, also known as Scenic 30A. The communities, including Grayton Beach, Seaside and Water Color, feature luxury beach houses, upscale dining and a variety of art galleries, according to a company press release.
Southern Self Storage plans to add a kiosk, online reservation and payment services, and other property upgrades.
Owners Peter Cowie and Robert McIntosh started the Southern Self Storage brand in Florida in 1985. The business partners also operate three Northern Self-Storage facilities in the Ontario, Canada, market.