Pogoda Expands Operations with Bank Owned Acquisition
Michigan’s largest self storage operator just got bigger. Pogoda Companies expands their store operations by purchasing the New-West Mini Storage on Newburgh Road in Westland, Michigan. The bank-owned property was purchased for $1.6 million.
The facility will be converted into Pogoda’s flagship brand and will be called National Storage Centers – Westland on Newburgh Road. The property consists of 8 buildings with 378 units totaling 52,350 square feet of rentable storage space. These numbers add to Pogoda’s almost 3 million rentable square feet of storage space.
Maurice Pogoda, President of Pogoda Companies and a 25 year veteran of the self storage industry, is thrilled about the Newburgh Road acquisition.
“We were surprised that such a well located property would be in trouble. It sits in the center of 3 of our other properties that are all doing very well. So, we concluded that there must have been some management or operational issues inhibiting growth. Once we complete our planned renovations – painting, enhanced security, a new name and signage, a new entrance with more parking – and implement our proven management strategies, we will be off to the races. We see this acquisition as an excellent opportunity to carry on our practice of buying strategically located properties that can benefit from our professional management solutions.”
The new National Storage Centers –Westland on Newburgh Road is located at 1638 South Newburgh Road, Westland MI, 48186. Customers will enjoy the same value and service as Pogoda’s thirty-eight other self storage properties. Features will include online bill pay and account management at www.selfstoragespecialists.com, access to their space seven days a week, month to month rentals and state-of-the art security.
For more information regarding this acquisition, please contact Nathaniel DiDomenico at email@example.com or Maurice Pogoda at firstname.lastname@example.org.
About Pogoda Companies
Pogoda Companies is Michigan’s largest self-storage operator and broker and and one of the 30 largest in the U.S., with approximately 3 million square feet of self-storage space in Michigan and Ohio. The firm provides brokerage, management, investment and consulting services to the self-storage industry through its Pogoda Group, Inc. and Pogoda Management Co. divisions based in Farmington Hills, Mich.