Pinnacle Storage Properties Announces the Acquisition of Taylor Hutto Self Storage
PINNACLE STORAGE PROPERTIES ANNOUNCES THE ACQUISITION OF
TAYLOR HUTTO SELF STORAGE
Houston, TX – June 16, 2020 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of another Texas Property, Taylor Hutto Self Storage rebranded as Storage Plus of Taylor Hutto. This property is the 21st addition to the Pinnacle portfolio.
Storage Plus of Taylor Hutto, formerly Taylor Hutto Self Storage, is located at 4105 W. 2nd Street in Taylor, Texas, a 30-minute drive to the Austin-Bergstrom International Airport and 29 miles from Austin city center.
This property boasts 59,325 net rentable square feet, with a total of 505 units, which includes, climate, non climate parking and office suites that offer tenants a strong variety of storage options.
The unit mix of 377 climate-controlled, 100 non-climate, 4 office/warehouse spaces, 20 covered and 4 uncovered parking spaces, offers tenants a strong variety of storage options. Occupancy presently sits at 89%, with a strong population of retail tenants providing substantial foot traffic to the store.
The historic community of Hutto has been named the fastest growing community in Texas by the Texas State Data Center. Situated, along with Taylor, in the heart of the Austin-Round Rock MSA, both communities offer big-city amenities and sophistication with a laid-back, small town way of life.
Storage Plus of Taylor Hutto will be offering the same outstanding level of security, affordability,and customer service, that is the hallmark of all Pinnacle Storage Properties locations.
CEO, John Manes, states, “This location adds to our Austin footprint and will complement our property in Spicewood TX as well as being the perfect targeted type of property to fit our portfolio of secondary, suburban and tertiary markets.
Robby Dunn, Pinnacle’s Chief Investment Officer, states, “We are so proud of the work our Pinnacle team put in to achieve this acquisition in the midst of such economic uncertainty. Their talent, creativity and perseverance are essential to our success. We are genuinely grateful to work with them.”
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://pinnaclestorag.wpengine.com/