Rochester Self Storage Buys Deep Discount Mini Storage in NY

Rochester Self Storage LLC recently purchased Deep Discount Mini Storage in Rochester, N.Y., from Flower City Storage Operations LLC, a New York-based limited-liability company. The property at 265-271 Hayward Ave. has been rebranded as Rochester Self Storage. It will be managed by Storage Asset Management Inc., a York, Pa., company that oversees more than 35 self-storage properties and three UPS Stores along the East Coast.

Rochester Self Storage LLC recently purchased Deep Discount Mini Storage in Rochester, N.Y., from Flower City Storage Operations LLC, a New York-based limited-liability company. The property at 265-271 Hayward Ave. has been rebranded as Rochester Self Storage. It will be managed by Storage Asset Management Inc., a York, Pa., company that oversees more than 35 self-storage properties and three UPS Stores along the East Coast.

The facility includes 70,000 square feet of storage space on 1.43 acres of land. The four-story building features two elevators, a rooftop sign and energy-efficient lighting, according to a listing on LoopNet.com. Site amenities include truck rental, packing and moving supplies, and online reservations and account-management capabilities. Located at the front entrance to the Rochester Public Market District, the storage property also has a large open yard facing Main Street.

Renovations are underway, and the new owner is also looking to expand its portfolio to other markets in nationwide, according to the source.

The seller was represented by Nicholas Malagisi, national director of self-storage for Sperry Van Ness, a Buffalo, N.Y.-base firm that specializes in the marketing, sale, disposition and acquisition of self-storage properties throughout the United States. The buyer was represented by Patrick Quigley, Esq., a partner at the law firm Harter Secrest & Emery LLP.

Sources:

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish