Westport Properties Inc. (WPI), which operates 110 self-storage facilities under the US Storage Centers brand, has acquired the three-property Sentinel Mini-Storage portfolio in Phoenix. The facilities are at 1940 E. Indian School Road, 4817 N. 7th Ave. and 2563 W. Indian School Road.
The portfolio includes more than 75,000 rentable square feet in 1,507 climate-controlled units. Each has elevator access and security measures. All are in densely populated areas on major arterial roads, according to a press release.
"The acquisition of this portfolio marks a great start to 2017 and indicates how full our acquisition and development pipeline is for the rest of the year," said Jason Lopez, vice president of marketing. "With these three properties, our Phoenix portfolio now includes seven properties; and there are another four locations in this market we expect to add to our portfolio early this year. Phoenix has been one of our best-performing markets, so we are very excited about these new additions to our portfolio."
Founded in 1985 and based in Irvine, Calif., WPI is a real estate investment company that acquires, develops and operates self-storage facilities as well as provides third-party management services. Its portfolio comprises more than 7.5 million rentable square feet in 13 states. It's affiliated with Westport Memphis Self Storage LLC.