Pinnacle Storage Properties Announces the Acquisition of Two New Texas Properties
Houston, TX – July 11, 2019 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of two more Texas properties, Storage Plus of Old Katy and Storage Plus of Livingston.
Pinnacle has strategically placed Katy facilities in three different sub-markets. Storage Plus of Old Katy, located at 5310 E 5th St., in Katy, TX, is Pinnacle’s third addition in the Katy market. Storage Plus of Old Katy’s 142,476 square feet of space provides 531 units to serve customer needs. Along with Storage Plus of Katy and Storage Plus of Katy Kingsland, these properties offer a total of 240,000 sq. ft. of storage space.
Old Katy provides a variety of unit options; state-of-the-art security; climate-controlled storage; and vehicle, boat and RV storage; as well as free wi-fi, delivery acceptance, and print/copy/scan services for our business tenants.
Storage Plus of Livingston, located at 4414 US Hwy 190 W., in Livingston, TX, has an existing 260 non-climate controlled units, totaling 46,100 square feet of storage space. Pinnacle’s strategy of purchasing under-managed, under-enhanced, and under-developed facilities, then updating these properties, will increase Livingston’s value with an expansion of 35,050 square feet of climate-controlled space while implementing best practice management. The expansion is scheduled to be completed by late summer of this year.
In addition to climate-controlled storage; vehicle, boat and RV storage; and state-of-the-art security, Livingston will be offering delivery acceptance, free wi-fi, and print/copy/scan services to business clients.
“Pinnacle Storage Properties is excited to be adding these properties to our ever-expanding portfolio, which includes over 20 locations across Texas, Oregon and Washington, consisting of approximately 7,500 units totaling over 1,000,000 sq. ft. of rentable space. Livingston is a great fit for our portfolio and ideally located between New Caney and Nacogdoches.” Pinnacle Storage Properties continues to grow and is positioned to double in size within the next year.” States John Manes, Pinnacle Storage Properties Partner and CEO.
Robby Dunn, Pinnacle’s Chief Investment Officer, states, “Adding these properties to our growing portfolio gives us the opportunity to make a positive impact on these communities as we add value by updating the property and execute best practice management strategies. We look forward to working with our potential customers, employees, and other small businesses in the area. We continue to remain aggressive in our continued acquisition of self-storage properties.”
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/