Storage Post Purchases Two Long Island Self Storage Facilities
Highly-visible New York assets to be integrated into the Storage Post brand
ATLANTA, Sept. 3, 2013 /PRNewswire/ -- Storage Post Self Storage today announced the purchase of two self storage properties on Long Island, New York from a privately-owned self storage operator. The assets are located within densely-populated areas at 380 Oakwood Road in Huntington Station and 1960 Veterans Memorial Highway in Islandia.
The Huntington Station location consists of 43,841 square feet with 585 rentable storage units, including car rental parking. Features include climate controlled storage units, accessible loading areas, moving supplies and two points of vehicle entry. Located on a high-visibility, north-south road, the Huntington location has large retail frontage and Storage Post anticipates steady demand.
The Islandia location consists of 902 storage units within 85,350 rentable square feet, including rental parking spaces. The entire facility is ground level and situated on nearly 6 acres off of a 4-lane divided highway, providing substantial visibility from daily traffic. Its features include convenient drive-up units, daily access, moving supplies and a detached rental office with potential for increased retail prominence on the busy roadway.
Dylan Delaune, Storage Post chief investments officer, adds, "Jack Giannola, our director of acquisitions, worked closely with the seller to engineer a competitive offer tailored to the unique qualities of the purchased assets. We look forward to folding these two facilities into the Storage Post brand and continuing to provide excellent service and valuable returns."
Storage Post CEO Bruce Roch, Jr. is an industry veteran and leader in self storage innovation. Within the last two years, Roch and his team have purchased 16 self storage facilities, including the company's newly-renovated buildings in Long Island City, Yonkers and New Rochelle. The company is seeking expansion opportunities through ground-up development, the purchase of existing storage facilities and select management contracts.
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.
Jack Giannola, Director of Acquisitions
Caitlin Ward, Communications Manager
SOURCE Storage Post Self Storage
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