Pinnacle Storage Properties Announces the Acquisition of Two New Texas Properties
Houston, TX – August 13, 2019 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of two more Texas properties, Storage Plus of Bellville and Storage Plus of Spicewood. These properties represent the 19th and 20th additions to the Pinnacle portfolio.
Storage Plus of Bellville, formerly AAA Storage, located at 12085 Highway 36 South in Bellville, TX, approximately 64 miles from downtown Houston, provides a wide range of unit options; state-of-the-art security; climate-controlled storage; and vehicle, boat and RV storage; as well as a variety of amenities to business clients.
Storage Plus of Spicewood, formerly A-Max Storage, located at 21012 State Highway 71 W., in Spicewood, TX, serves the communities of Spicewood, Lakeway, and Bee Cave, in the beautiful Texas Hill Country. In addition to climate-controlled storage; vehicle, boat and RV storage; and state-of-the-art security, Spicewood will be offering delivery acceptance, free wi-fi, and print/copy/scan services to business clients.
Both properties will be offering the same unparallelled level of security, affordability,and customer service, that is available at all Pinnacle Storage Properties locations.
“This is an exciting time for Pinnacle Storage Properties,” states John Manes, Pinnacle Storage Properties Partner and CEO. We continue to grow substantially and to be aggressive in the acquisition and development of storage properties. We are positioned to double our ever-expanding portfolio of 7,500 units with over 1,000,000 square feet of rentable space within the next year.”
Robby Dunn, Pinnacle’s Chief Investment Officer, states, “Storage Plus of Bellville and Storage Plus of Spicewood are profitable additions to our portfolio. The attractive business environment in the Austin area provides us with the opportunity to increase our footprint in this region with future property acquisitions. We look forward to continued nationwide acquisition and development 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://pinnaclestorag.wpengine.com/