Atlas Self Storage in Chester, N.Y., sold to Guardian Self Storage of Poughkeepsie, N.Y., in an all-cash transaction.
The facility has 31,200 square feet and 239 units of self-storage with additional land and approvals to build 48,900 square feet for a total of 80,100 square feet. The facility was 74 percent occupied at the time of sale.
The property features a rental office and showroom, back office space, cameras, keypad gate and fully fenced exterior. To sell the property, a subdivision had to be approved, which was a 6- month process, to separate the office building located on the front portion of the parcel.
John H. Gilliland of Investment Real Estate brokered the transaction. Investment Real Estate provides self-storage brokerage, construction, feasibility and consulting services in the Northeastern and Mid-Atlantic states.
Family-owned Guardian Self-Storage opened its doors in Fishkill, N.Y., 25 years ago. Since that time the business has grown with locations throughout Dutchess, Orange and Ulster counties.