Home » Florida-based company purchases four storage facilities in Kentucky

Florida-based company purchases four storage facilities in Kentucky

Located in Winchester, Bowling Green and Frankfort

WEST PALM BEACH, Fla. (Jan. 13, 2016) — Elite Stor Capital Partners LLC, an equity investor focused on the self-storage industry, has purchased seven self-storage facilities, including four in Kentucky, the company announced on Tuesday.

UnknownTwo of the facilities are located in Winchester and one in Bowling Green and Frankfort. The other three are in South Carolina and Florida.

The single transaction involved six different sellers, and consists of nearly 500,000-s.f.

“We have been extremely fortunate to work with private sellers who appreciate the professionalism and guidance Elite offers in the underwriting, closing and operational takeover throughout the transaction,” said Elite Stor general counsel Beau Raich.

The transaction was funded through $7 million in equity by Elite partners,and a $13 million debt piece provided by Cantor Commercial Real Estate.

The Kentucky facilities are located at:

  • 261, 263 and 253 Winn Ave. in Winchester
  • 1320 Bypass Rd. in Winchester
  • 5650 Russellville Rd. in Bowling Green
  • 811 Schenkel Ln. in Frankfort