{"id":1004241788,"date":"2018-07-12T05:16:09","date_gmt":"2018-07-12T13:16:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004241788"},"modified":"2022-12-08T13:38:03","modified_gmt":"2022-12-08T21:38:03","slug":"go-store-it-acquires-richmond-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/go-store-it-acquires-richmond-area-asset\/","title":{"rendered":"Go Store It Acquires Richmond-Area Asset"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004241791\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004241791\" data-attachment-id=\"1004241791\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/go-store-it-acquires-richmond-area-asset\/clover-hill-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Clover Hill Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Clover Hill Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg?w=800\" loading=\"lazy\" class=\"wp-image-1004241791 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg\" alt=\"Clover Hill Storage\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Clover-Hill-Storage.jpeg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004241791\" class=\"wp-caption-text\">Clover Hill Storage<\/p><\/div>\n<p>Go Store It has purchased Clover Hill Self Storage, a 42,000-square-foot facility in Moseley, Va., from The Jenkins Organization, Yardi Matrix data shows. The property marks the company\u2019s third project in the Richmond MSA and the 10<sup>th<\/sup> acquisition in 2018. The company has also recently broken ground on two <a href=\"https:\/\/www.commercialsearch.com\/news\/go-store-it-breaks-ground-on-2-carolinas-facilities\/\">self-storage properties in the Carolinas<\/a>.<\/p>\n<p>Situated at 16830 Hull Street Road, the storage facility is alongside Freeway 360, approximately 23 miles from downtown Richmond. Additionally, Clover Hill is positioned near several apartment communities, including Sterling Glen, a 300-unit property and Woodlake Village, which comprises 241 units.<\/p>\n<p>According to Yardi Matrix, the property was constructed on 6.5 acres in 1987. The facility encompasses 348 units ranging from 50 to 400 square feet and features boat and RV parking spaces. The buyer plans to expand the property by adding a two-story, fully climate-controlled building totaling 40,000 square feet of storage space.<\/p>\n<p><em>&#8220;This acquisition presents a unique opportunity for Go Store It and gives us more scale in a target Market. There is a big demand for quality storage and the market has high barriers to entry. We look forward to upgrading the facility and getting started on the expansion,&#8221;<\/em> said Neil Dyer, director of acquisitions for Go Store It, in prepared remarks.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm expanded its portfolio with a 348-unit self-storage property located in Moseley, Va., roughly 23 miles from downtown Richmond. <\/p>\n","protected":false},"author":871,"featured_media":1004241791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,36153],"tags":[41036,39558],"class_list":["post-1004241788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-richmond-hampton-roads","tag-go-store-it","tag-the-jenkins-organization-incorporated"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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