AUSTIN - Spare Space Storage, a property that encompasses 86,000 sf of storage space, has been purchased at 9420 Spectrum Dr. by Public Storage Inc. The facility is located on 3.8 acres and has 661 units on three floors.
The property also includes 21 uncovered boat- and RV-parking spaces. Amenities include two gated entrances with keypad access, video cameras, a package-delivery service, and a large conference center.
The facility was built in 2004 for $3.7 million. Platinum purchased the property in 2008 for about $6.5 million. Public Storage assumed the property's mortgage of $4.8 million on April 3, 2014.
Source: Inside Self-Storage
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