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Self Storage Plus Expands Mid-atlantic Portfolio

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The acquisition follows an eight-property portfolio buy in September. : Arcland Property Co. has acquired a  78,446-rentable-square-foot Class A self storage facility in Fredericksburg, Va., from Graham Real Estate. Self Storage Plus, Arcland’s sister company, was tapped to manage the recently built asset, bringing its management portfolio to 51 properties. In 2018, the former owner benefited from a $6 million loan for the construction of the property. Union Bank & Trust provided the financing, according to data from Yardi Matrix. Before the sale, My Storage was the manager of the asset.

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