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Our comprehensive due diligence process identified the presence of handwritten ledgers and legacy management systems at Park Central. To propel the facility to the forefront of the market, we plan on implementing our advanced revenue management software and deploying a state-of-the-art website, in line with its imminent rebranding as Right Move Storage Memorial Blvd.\u201d – Darren Kelley, President – Right Move Storage<\/span><\/span><\/span><\/p><\/blockquote>\n
LandPark Advisors, LLC, in collaboration with Sunset Capital, LLC (collectively, \u201cLandPark Sunset Storage II\u201d) has successfully procured a key self-storage facility in the burgeoning city of Port Arthur, Texas. The facility, presently known as \u201cPark Central Self Storage,\u201d will soon operate under the brand of Right Move Storage.<\/span><\/span><\/span><\/p>\n
Positioned on Port Arthur’s primary business artery, Park Central enjoys notable prominence along Memorial Boulevard (US Hwy 96\/287), a crucial route connecting Port Arthur and Beaumont, frequented by approximately 55,000 vehicles daily. The site is enveloped by a flourishing retail environment, including Central Mall Port Arthur and major retailers such as Walmart, Lowe\u2019s, and Office Depot. The area is also witnessing a surge in dining options, contributing to the community\u2019s vibrant lifestyle.<\/span><\/span><\/span><\/p>\n
Significant residential growth is observable in the form of new multi-family housing developments in the vicinity, further strengthening the locale\u2019s consumer base. The nearby Memorial High School and a newly constructed Residence Inn by Marriott signal the continual progress and investment in Port Arthur.<\/span><\/span><\/span><\/p>\n
Moreover, the facility is strategically located in the \u201cGolden Triangle\u201d of southeast Texas, a region replete with key energy players. In particular, the new multi-billion dollar L&G plant, merely 14 miles away, is propelling the local economy and driving up demand for storage facilities. Park Central, situated on 3.75 acres, offers 48,430 square feet of storage space across 312 units, inclusive of drive-up Boat\/RV storage.<\/span><\/span><\/span><\/p>\n
Peter Wall, CFO of LandPark Advisors, LLC, expressed his enthusiasm about the deal: \u201cWe are thrilled to expand our footprint with Sunset Capital by partnering on an additional value-add storage facility after the acquisition of a nine-property portfolio in East Texas in late 2022.\u201d Wall further elaborated, \u201cThis acquisition presents a notable opportunity for us to add substantial value. Recognizing that Park Central\u2019s prior management, undertaken by the siblings of the original owner\/developer, had not previously ventured into digital avenues for enhanced visibility and marketing, we see a vast potential to leverage these aspects for the facility\u2019s growth and operations through Right Move Storage.\u201d<\/span><\/span><\/span><\/p>\n
From an operations perspective, Darren Kelley, President of Right Move Storage, noted: \u201cOur comprehensive due diligence process identified the presence of handwritten ledgers and legacy management systems at Park Central. To propel the facility to the forefront of the market, we plan on implementing our advanced revenue management software and deploying a state-of-the-art website, in line with its imminent rebranding as Right Move Storage Memorial Blvd.\u201d<\/span><\/span><\/span><\/p>\n