The William Warren Group (WWG), a privately held, Santa Monica, Calif.-based self storage development and operating company, is announcing the purchase of six Colorado self storage facilities for approximately $33.24 million. The six locations consist of 353,902 NRSF across 2,692 units.
“We believe there is a significant opportunity within the Denver market as demand remains high and supply remains tight,” said Bill Hobin, president & CEO of the WWG. “Although the properties have been performing well since we started managing them in September 2011, we feel that the assets have room to grow and with full control over all aspects of the properties after rebranding them as StorQuest facilities, they will see strong growth,” Hobin added.
WWG, which owns and operates StorQuest Self Storage, will rebrand these properties as StorQuest, bringing their presence to a total of 14 sites in the greater Denver area. With the additional assets added to the StorQuest family, WWG now has 102 locations within the company’s operating portfolio.
“These assets provide an ability to capitalize on the continued economic growth as well as the growth of the StorQuest Self Storage brand in Colorado,” added Hobin.
StorQuest Clock Tower: 16400 E. Colfax, Aurora, Colorado StorQuest Clock Tower is 70,537 RSF, 533-unit facility, located 15 miles east of downtown Denver. Year Opened: 2003
StorQuest Highlands Ranch: 745 Monument Drive in Highlands Ranch, Colorado
StorQuest Highlands Ranch is a single-story, 62,120 RSF, 467-unit facility, located 18 miles south of downtown Denver. Year Opened: 1998
StorQuest Louisville: 1200 Lock Street, Louisville, Colorado StorQuest Louisville is a single-story, 56,535 RSF, 522-unit facility, located 6 miles east of Boulder and 25 miles northwest of downtown Denver. Year Opened: 1996
StorQuest Manitou Springs: 125 Higginbotham Rd., Manitou Springs, Colorado StorQuest Manitou Springs is a 39,950 RSF, 313-unit facility overlooking Midland Expressway in west Colorado Springs. Year Opened: 2000
StorQuest Pony Express: 18455 Pony Express Dr., Parker, Colorado StorQuest Pony Express is a single-story 53,550 RSF, 402-unit facility, located 20 miles southeast of downtown Denver. Year Opened: 1999
StorQuest Twenty Mile: 18601 Longs Way in Parker, Colorado
StorQuest Twenty Mile is a single-story, 71,210 RSF, 455-unit facility, located 20 miles southeast of downtown Denver in Parker. Year Opened: 1997
About The William Warren Group & StorQuest Self Storage
The William Warren Group, Inc. (WWG) is a privately held, fully integrated, entrepreneurial real estate company that develops, acquires and operates self storage assets in major metro markets in the US. For the past 20 years, the Santa Monica, Calif., company has taken a long term perspective by focusing on assets that offer growing cash flow and capital appreciation opportunities. To learn more about The William Warren Group and its proprietary brand of StorQuest Self Storage visit: www.williamwarren.com and www.storquest.com.]]>