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US Storage Centers Makes First Texas Acquisition With Plano Self-Storage Facility

US Storage Centers Inc. (USSC), which owns and operates more than 85 self-storage facilities in 13 states, has made its first Texas acquisition with the purchase of All Star Storage in Plano. Though the company has provided third-party management services for eight Texas storage facilities, including one in Plano, over the last four years, this is its first purchase in the state, according to a press release.

June 11, 2015

2 Min Read
US Storage Centers Makes First Texas Acquisition With Plano Self-Storage Facility

US Storage Centers Inc. (USSC), which owns and operates more than 85 self-storage facilities in 13 states, has made its first Texas acquisition with the purchase of All Star Storage in Plano. Though the company has provided third-party management services for eight Texas storage facilities, including one in Plano, over the last four years, this is its first purchase in the state, according to a press release.

“We’ve had a lot of success with third-party management in Texas, and we’re excited to be acquiring our first of, hopefully, many properties in what we see as a competitive, major U.S. market,” said Charles Byerly, CEO and president of USSC.

The facility at 800 Fulgham Road consists of seven buildings on 4.8 acres of land. It encompasses 90,600 net rentable square feet of storage space in 185 units, of which approximately 45 percent are dedicated to office-warehouse tenancy, according to a press release from Marcus & Millichap Real Estate Investment Services Inc., the real estate firm that brokered the transaction.

Built in 2002, the property features a manager’s office, brick façade, standing-seam metal roofs and steel framing. Security features include gated access, lighting, wrought-iron perimeter fencing and video cameras.

The buyer and seller, a private investor, were represented by Brandon Karr, vice president of investments in Marcus & Millichap’s Fort Worth, Texas, office.

Marcus & Millichap specializes in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the company has more than 1,300 investment professionals in offices throughout the United States and Canada.

Irvine, Calif.-based USSC is a real estate investment company that acquires, develops and operates self-storage facilities as well as provides third-party management services. The company is affiliated with Westport Memphis Self Storage LLC and Westport Properties, a full-service real estate company specializing in self-storage facilities.

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