Storage Post Self Storage made its third property acquisition in 60 days with the purchase a facility in Rockville Centre, N.Y., from a private operator. The facility at 250 Maple Ave. comprises 32,064 square feet including 800 climate-controlled units, motion-sensor lighting, individual door alarms and interior loading bays.
The facility is near Sunrise Highway off N. Long Island Beach Road and the Maple Avenue intersection. Rockville Centre is a village on Long Island, south of Hempstead, characterized by relatively high household incomes and a strong growth market, Storage Post officials said.
"This was a superb transaction. The property is in a great neighborhood with attractive demographics, and we're familiar with the owner, which made the entire process go smoothly," said Dylan Delaune, chief investments officer. "The asset's high quality and good location will help develop our New York portfolio, and we are pleased to bring the property into our brand. This is another tremendous deal initiated by our director of acquisitions, Jack Giannola."
Since 2012, Storage Post has expanded its portfolio with nearly 20 acquisitions and is expected to add more properties in the next year through acquisitions, ground-up development and select management contracts. The company also launched a full-scale renovation plan for its New Jersey and New York self-storage facilities, with several stores already updated. Storage Post is headquartered in Atlanta and has a total of 22 locations in Georgia, Louisiana, New Jersey and New York.