In March 2019, Montcrest Asset Management (formerly known as NYX Capital Corp.) acquired an existing self-storage facility with 38,000 net rentable square feet on 1.55 acres of land. Montcrest partnered with Bluebird Self Storage to re-brand the existing, mispriced self-storage facility. Using active asset management, the partnership plans to add value to the property by renovating the building, improving operations, and increase the in-place rents to market level.
The property is in downtown Hamilton with 210 feet of frontage on Sanford Avenue North near Main/King Street. This location presents all the ideals for self-storage, including attractive demographics, high traffic, thriving businesses, and dense residential neighbourhoods.
