Recent Transactions: 11.26.2024 – 12.02.2024


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

 

Mitra Investment Partners announces the acquisition of Boon Self Storage in North Chili, NY, a high-quality, nearly fully occupied facility built in 2021. This strategic addition marks Mitra’s expansion into Northern markets, reinforcing its commitment to disciplined growth and delivering value to investors. With plans to unlock further potential through industrial-flex leasing, this acquisition highlights Mitra's focus on operational excellence and market-driven opportunities.
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

 

74-16 Grand Ave.
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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