Teakwood Real Estate Partners Acquires Self Storage Facility in Mesa, Arizona; Westport Properties to Manage the Property

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Teakwood Real Estate Partners has acquired a self storage facility in Mesa, AZ that will be managed and operated by Westport Properties under the US Storage Centers brand.

self storage facility mesa az exterior office

US Storage Centers in Mesa, AZ

Teakwood Real Estate Partners has acquired a 292-unit self storage facility located at 462 S. Gilbert Road in Mesa, Arizona. Westport Properties will oversee management and operation of the property under the US Storage Centers brand.

“This well-located project marks our first storage acquisition, and we are actively looking for others. We will implement an expert/calculated management company in Westport Properties and complete certain capital improvements in order to improve the performance of the site,” said Andrew Kurzeka, Principal with Teakwood. “We are excited to partner with Westport Properties and bring their best-in-class service to the Mesa market.”

Ideally located in Mesa near the intersection of South Gilbert Road and East Broadway, this facility features single-story drive-up units, electronic gated access and 24-hour video surveillance.

“Management and operations are key to the success of a self storage facility especially during this turbulent and evolving economy,” said Charles Byerly, CEO of Westport Properties. “Westport Properties continues to build on this track record of providing years of superior third party property management.”
Teakwood Real Estate Partners represented itself in the acquisition.

About Teakwood Real Estate Partners
Teakwood is focused on achieving superior returns by investing in well-located, underappreciated multifamily, self-storage, and industrial/flex properties in Western U.S. markets where it can make a significant difference in the performance of a property through better management and capital improvements.

About Westport Properties
Founded in 1985, Westport Properties (“WPI”) is an owner-operator of self storage, multifamily and industrial properties across the United States. The Company is a fully integrated operator that develops, acquires and manages its portfolio as well as providing third-party management services. As of January 2022, WPI has approximately 12 million square feet of self storage space under management and its total assets under management is approaching $2.5 billion with its US Storage Centers brand as well as over 750 multifamily units in two states while employing over 600 people nationwide. WPI is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $13M and Charity Storage has raised over $500K.

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