WYLIE , Texas (PRWEB) May 07, 2020
Bargain Storage, a division of Business Property Trust, proudly announces the acquisition of a 138,820 square foot facility in Wylie, Texas. The purchase represents the company’s largest acquisition to date and is its 5th location in the Dallas-Fort Worth metro area. The property has 443 storage units, 198 parking spots and will be rebranded Wylie Bargain Storage.
President Barry Raber stated, “We are very excited for this opportunity. Not only because it is now our largest property, but also because Wylie is one of the fastest growing communities in the country. We have plans to invest in substantial upgrades and are looking forward to offering quality storage at competitive rates to the Wylie community.”
Broker Tom Holman represented Bargain Storage in the transaction. M&T Bank provided the acquisition financing.
Bargain Storage specializes in turning around undermanaged and neglected properties and currently operates 11 facilities in Arizona and Texas. Bargain Storage is a division of Business Property Trust, LLC, a niche real estate investment firm located in Portland, Oregon.