Market Overview

US Storage Centers Acquires Self Storage Facility in Bakersfield, California

Share:

US Storage Centers acquires second facility in Bakersfield, CA.

BAKERSFIELD, Calif. (PRWEB) October 29, 2019

US Storage Centers, a premier owner/operator of self storage facilities nationally, has acquired a 649 unit, 118,595-square-foot self storage facility located at 3813 Mesa Grande Street in Bakersfield, California. This is the firm's second Bakersfield facility as it also owns and operates Bakersfield Storage located at 3049 Unicorn Road.

"We are very excited to continue our growth in Bakersfield and California in general," said Charles Byerly, President and CEO of US Storage Centers. "Although unique geographically, Bakersfield ranks as the 62nd largest MSA in the country and 9th largest city in California. We have been very strategic in the type of facilities we are interested in for this area, based on data from our existing footprint here. This acquisition will be a nice complement to our portfolio in the immediate market and overall."

Byerly went on to say, "We continue to seek good assets in major MSAs across the country and will be very aggressive for those assets that complement our portfolio. If you're a seller, bring us your deal."

Ideally located adjacent to the California State Route 99 freeway, this facility features climate-controlled units, electronic gated access and 24-hour video surveillance.

US Storage Centers represented itself in the acquisition.

About US Storage Centers

Founded 1985, US Storage Centers is an owner / operator of self storage facilities across the country. The Company is a fully integrated operator that develops, acquires and manages its portfolio—additionally, the Company provides third-party management services. As of June 2019, it has over 9 million rentable square feet under management and employs approximately 350 people nationwide. US Storage Centers is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $6 Million and Charity Storage has raised over $370,000.

For the original version on PRWeb visit: https://www.prweb.com/releases/us_storage_centers_acquires_self_storage_facility_in_bakersfield_california/prweb16683118.htm

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com