Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.
U-Store-It LP purchased two N.Y. self-storage facilities from Storage Deluxe Management Company for roughly $26.7 million.
November 11, 2010
1 Min Read
U-Store-It LP purchased two N.Y. self-storage facilities from Storage Deluxe Management Company for roughly $26.7 million.
The first property, at 2887 Atlantic Ave., has 47,290 square feet. The four-story self-storage facility is on a half-acre lot on Long Island and has 861 self-storage units.
The second facility, 395 Brook Ave. in the Bronx, is three stories with 67,162 square feet on one acre with 1,343 units.
The price per unit for this investment portfolio comes to approximately $12,000. Doug McCarron, Aaron Swerdlin and Barbara Guffey with Holliday Fenoglio Fowler (HFF) represented the seller.
Sources:
CoStar Group: NY Storage Deluxe Portfolio Sells For $26.7M
You May Also Like
Self-Storage TV
Apr 17 - May 17, 2024
Apr 17 - May 17, 2024
NEW PODCAST! In this latest episode of “Sounds of Storage,” we talk with StoragePug's Tommy Nguyen about grassroots marketing, including what it entails for self-storage operators, why it’s making a “comeback,” and how to do it effectively.
LISTEN NOW