The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, has purchased Storage Depot in Shirley, N.Y., for $10 million. The property at 393 Smith Road comprises 46,730 rentable square feet of storage space.
The buyer and the seller were represented in the transaction by Linda Cinelli, the New Jersey and New York broker affiliate for the Argus Self Storage Sales Network.
WWG has been actively growing its portfolio in recent months. In February, it opened a new location in Vero Beach, Fla., its first in the city. It also opened facilities in Lakewood, Colo., and Reno, Nev., in January and December, respectively. It acquired Outback Storage Laguna, a 67,750-square-foot property in Elk Grove, Calif., in December, and intends to convert a former taco shop in Los Angles into a four-story facility comprising 85,000 square feet.
Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates 128 self-storage facilities in Arizona, California, Colorado, Florida, Hawaii, South Carolina and Texas.
Argus is a Denver-based network of real estate brokers who specialize in storage properties. Formed in 1994, the company has 36 broker affiliates covering nearly 40 markets.