Storage Post Acquires Another Self Storage Facility in New York
Expands Company Portfolio with Well-Located, Climate-Controlled Storage Property
ATLANTA, Oct. 21, 2013 /PRNewswire/ -- Storage Post Self Storage has purchased a self storage facility in New York located at 250 Maple Avenue, Rockville Centre. The building was purchased from a privately-owned self storage operator and is the third acquisition for Storage Post within the last 60 days.
The new Storage Post location consists of 32,064 square feet with 800 storage units and features climate control, motion sensor lighting, individual door alarms and convenient interior loading bays. The facility is near Sunrise Highway and located just off the North Long Island Beach Road and Maple Avenue intersection, with steady traffic and easy access to the on-site parking lot. Rockville Centre is a well-populated village on Long Island, south of Hempstead, characterized by relatively-high household incomes and a strong-growth market.
"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, Storage Post's 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 additional properties in the next year through existing property acquisitions, ground-up development and select management contracts. The company has also launched a full-scale renovation plan for its New York and New Jersey locations, with several stores already updated.
About Storage Post
Headquartered in Atlanta, GA, Storage Post is a leading self storage company that is transforming the storage industry. The company focuses on quality products, operational excellence, positive customer service and increased returns for investors. Storage Post has locations along the East Coast and throughout the South, and is rapidly expanding through self storage acquisitions and development. For more information on Storage Post and its executive leadership, visit www.storagepost.com.
Director of Acquisitions
Manager of Marketing Communications
SOURCE Storage Post
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