PINNACLE STORAGE PROPERTIES ANNOUNCES NEW MARKET VENTURE WITH THE ACQUISITION OF FIVE WEST COAST PROPERTIES
Houston, TX –August 21, 2019 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of five west coast self-storage properties. Storage Plus of Centralia Fords Prairie, Storage Plus of Centralia Gold, and Storage Plus of Kelso, located in Washington; as well as Storage Plus of Roseburg and Storage Plus of Winston, both located in Oregon.
Storage Plus of Centralia Fords Prairie and Storage Plus of Centralia Gold, formerly Sherlock Storage and Gold Street Storage, respectively, are both located in Centralia, Washington, the largest city in Lewis County. Centralia is well-positioned between Portland and Seattle and is a strategic business hub.
Storage Plus of Kelso, Storage Plus of Roseburg, and Storage Plus of Winston, former Titan Self Storage properties are located in Kelso, Washington and Roseburg and Winston, Oregon. Kelso, a gateway to the Mt. St. Helens area, is 40 miles south of Portland. Roseburg, known as the “timber capital of the nation,” and Winston, located 15 miles south of Roseburg, are located in Douglas County.
All five properties offer a variety of unit options and a full range of affordable products and services to suit customer needs and budgets.
John Manes, Pinnacle Storage Properties Partner and CEO, states, “We are excited to strategically align with CFJ, LLC to expand our portfolio outside the state of Texas. This partnership and the acquisition of these properties is the first phase of our nationwide expansion plan and provides even more opportunities for our investors. Our expanding portfolio includes 7,500 units totaling over 1,000,000 square feet of rentable space. Pinnacle is positioned to double in size within the next year.”
“We are excited to partner with CFJ, LLC to help grow our portfolio. This strategic partnership allows Pinnacle to not only establish a footprint on the West Coast, but begin our expansion nationwide. The addition of these West Coast properties is an opportunity to expand our portfolio in a new market. We look forward to working with potential customers and building relationships with other small businesses in the area,” states Robby Dunn, Pinnacle Storage Properties Partner and Chief Investment Officer.
Pinnacle Storage Properties is a privately held, national real estate owner-operator focused on the acquisition, development, and management of self- storage assets. Their investment strategy is to purchase under-managed, under-enhanced, and under-developed assets in suburban and secondary markets. They take a grassroots, off-market approach in selecting the best deals that deliver stable cash flow and long-term appreciation opportunities. With nearly 25 years of combined self-storage experience, they have established an industry wide reputation for superior performance derived from core values; honesty, integrity, and respect. For more information on Pinnace Storage Properties, see https://pinnaclestorageproperties.com/