Personal Mini Storage, a Florida self-storage operator with 40 locations, has expanded its facility in Davenport, Fla. The property at 41040 Highway 27 is now the largest in the company’s portfolio, according to a press release.
“Personal Mini Storage is excited to announce that our 20,000-square-foot expansion at our South Davenport location is now complete and our 108 brand-new units are ready to rent,” said Marc Smith, president. “Polk County has been a terrific market for us, and we're proud of the ‘personal’ product that we offer.”
The company purchased the former Lighthouse Self Storage & Business Center in 2015. It originally contained more than 200,00 square feet of storage space in 654 climate-controlled and drive-up units as well as covered vehicle parking. Additional property features include electronic access, U-Haul truck rentals, and a retail store that sells moving and packing supplies.
Personal Mini Storage operates three sites in Davenport. In March, the company entered into agreements to become the eighth participating regional operator for National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage.
Founded in 1982 by brothers Stan and Ron Shader, Personal Mini Storage has remained a family-owned and -operated business for more than 30 years. The company is currently managed by Laurie and Marc Smith, who have more than 20 years of self-storage industry experience. The operator’s portfolio comprises 2.7 million rentable square feet of storage space.
Headquartered in Greenwood, Colo., NSAT is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States. The company has ownership interest in 453 storage facilities in 23 states. Its portfolio comprises approximately 28 million net rentable square feet. It's owned by its affiliate operators, who are contributing their interests in their self-storage assets over the next few years as their current mortgage debt matures.