FT Andover continues to reinvest excess proceeds from Operations into expansion and capital improvement projects. Here's a sampling of some of the projects completed to date.
FTPA Storage Chattanooga, LLC - Chatt, TN
Converted RV parking into 25,000 sf outdoor drive up units. Converted unutilized space to income producing indoor units. Moved and built new office to user friendly location in front of the facility and added automatic access gate with keypad entry.
Total Cost $1.325M
FTPA Storage Germantown, LLC - Philadelphia PA
Painted building and made masonry repairs including blocking-up window openings. Built new office replacing unusable existing space. Added keypad entry for additional security, made building compliant with fire code regulations, and replaced leaking roof. Sealed first and second floor walls to prevent heat loss, and reworked heating system to regulate interior temperatures and save on utility costs.
Total Cost $446K
FTPA Storage Kensington, LLC - Philadelphia PA
Water proofing, mold remediation and drainage repairs to enable full utilization of the basement adding an additional 100 units to the total inventory. Made facility compliant for fire exits, stairways and safety lighting codes. Sealed exterior windows to prevent both water seepage and for greater insulation. Painted building.
Total Cost $584K
FTPA Storage Lancaster, LLC - Philadelphia PA
Remolded the front of the building, added life safety requirements and painted the building.
Total Cost $140K
FTPA Storage Miami, LLC - Miami, FL
Corrected third floor leakage in a large portion of units by creating a second wall system. Repaired lighting deficiencies and painted the building.
Total Cost $42K
FTPA STORAGE HWY 301, LLC - Hope Mills, NC
Expanded RV parking and built a 12,000 sf climate control building.
Total Cost $375K
FTPA Storage Ft Pierce, LLC - Fort Pierce, FL
Remodeled office, painted the building and repaired 40 exterior units that were unrentable because of water intrusion. Repaved & re-striped parking lot as needed for tenants. Made facility exterior ADA compliant.
Total Cost $223K
FTPA Storage Raleigh, LLC - Raleigh,N.C
Converted 25,000 sf of industrial space into self storage. Remodeled office.
Total Cost $566K