ARMSTRONG CAPITAL DEVELOPMENT ANNOUNCES ACQUISITION OF 225 SELF-STORAGE
Denver, Colorado - Armstrong Capital Development (“ACD”) today announced the acquisition of 225 Self-Storage in Aurora, Colorado. Situated at 13790 E. Mississippi Avenue, the single-story facility offers 31,948 rentable square feet of 100% climate-controlled units and an additional enclosed lot for vehicle storage.
Fronting Mississippi Avenue at Interstate 225 the facility enjoys excellent exposure to more than 188,000 vehicles per day in an established commercial trade area with a 3-mile population of more than 190,000. StoragePRO will operate the facility under its existing 225 Self-Storage brand with a focus on convenience and customer service. The recently renovated (2016) Class-A facility is equipped with computer-controlled security access and digital video recording throughout the property.
“We are very pleased with this purchase. The facility is high quality and nicely complements our current portfolio of retail and retail-facing self-storage properties.” said Bryan Armstrong, Partner at ACD. “Like with our previous self-storage initiatives, our development plan for 225 Self-Storage includes a number of operational improvements and enhancements to curb appeal. Our intention is to achieve the highest and best use for the site and optimize customer experience. We are very excited to get rolling.”
Founded in 2005, Armstrong Capital Development is a Denver-based private development company that acquires, develops and manages commercial real estate investments in the Intermountain West, with a focus on both value-add and stabilized core assets. More on ACD at www.ACD-CO.com.