PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ACQUISITION OF PINE BLUFF STORAGE
Houston, TX – January 12, 2021 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces its first acquisition in Arkansas. Pine Bluff Storage is the 25th addition to Pinnacle’s portfolio.
The property, located at 3009 W Pullen Street, Pine Bluff, AR 71601, is 40 miles from Little Rock, along the Arkansas River. It is a small working-class agricultural, industrial, and railroad town. The area is a major hub and service location on the Union Pacific Railroad. The Pine Bluff Arsenal serves as a site for military-related employment.
Pinnacle Storage Properties is especially happy to announce that a major investor in this property is former NFL football player, Roderick Robinson. Rod played quarterback at the University of Arkansas, at Pine Bluff. He saw this as an opportunity to contribute to the growth of the community where he went to college.
Pine Bluff Storage is currently a closed facility, having approximately 200 units of various sizes and 31,300 rentable square feet. An expansion of 35,000 square feet is planned 6 – 8 months after the lease-up of the existing property. The property will offer a wide variety of amenities and feature a resident manager. It will be rebranded as Storage Plus of Pine Bluff.
Storage Plus of Pine Bluff will offer the same exceptional level of customer service, affordability, and security that is characteristic of all Pinnacle Storage Properties’ locations.
“We are excited about this opportunity to partner with Rod and expand our portfolio in a new market,” states John Manes, Pinnacle Storage Properties Partner and CEO. “We look forward to fueling our continued growth across the country. As leaders in the industry, we are positioned to continue our expansion through our reputation for superior performance.”
Rod Robinson states, “I am excited to participate in my second self-storage deal with Pinnacle Storage Properties; and, as a 1999 graduate of the University of Arkansas at Pine Bluff, I am grateful to be able to return 20 years later and show my appreciation by bringing business back to the city.”
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 Pinnacle Storage Properties, visit https://www.pinnaclestorageproperties.com/