Property: Hinckley Storage
Location: Hinckley, MN
Brokers and Brokerage: Nathan Gottlieb, Matt Haugen, Alex Ihrke, and Tom Flannigan of Argus Self
Highlights:
- The facility consists of all steel, drive up units
- Fully occupied facility
- Plans to implement software and revenue management
Property: Boon Self Storage
Location: North Chili, NY
Year Built: 2021
Buyer: Mitra Investment Partners(for its Mitra Diversified Fund I portfolio)
Highlights:
- Fully occupied self-storage property
- Reflects strong local demand for quality storage options
- Plans to lease the on-site industrial-flex space will unlock additional value and diversify revenue streams
Portfolio: Two Self-Storage Facilities
Locations: Elmhurst & Manhattan, NY
Addresses: 74-16 Grand Ave., Elmhurst, NY and 302 Dyckman Street, Washington Heights, Manhattan
Closing Deal: $68 Million (Elmhurst Facility – $51,000,000 and Washington Heights property – $17,000,000)
Seller: Storage Deluxe
Buyer: Carlyle Group
Loan Amount: $51,000,000 from PGIM Real Estate
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