FOUR Property Self Storage Portfolio Sold by SVN

    0
    18

    Connie Neville, SVN | C. M. Neville & Associates , Inc., Nick Malagisi, SVN | Commercial Realty, Hans Hardisty, SVN | Deegan- Collins Commercial Realty and Patrick Lemp, Valbridge Property Advisors| Italia & Lemp Inc. joined forces to sell a significant self-storage portfolio of four properties located in New York and Connecticut. The portfolio consisted of 228,037 net rentable square feet in 2,485 units. The properties were offered unpriced and were widely marketed to self-storage REITs, pubic companies, funds and individual self-storage investors.
    According to Nick Malagisi, Product Council Chair for the SVN National Self-Storage Team, “this portfolio attracted national attention because of its size, the strategic locations, the consistently high occupancies and revenue overall and the pride of ownership evident at each facility.”
    The four brokers worked cooperatively to list and close this major transaction which included the assumption of one CMBS loan in less than 5 months.
    SVN® is the only commercial real estate firm that markets all of its properties to the entire brokerage and investment community. Participating in approximately $10.1 billion in sales and leasing transactions in 2015, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. This open, transparent and collaborative approach to real estate is the SVN Difference.
    For more information on SVN, visit www.SVN.com
    About SVN®
    Sperry Van Ness International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. With 200 locations serving over 500 markets, SVN® provides sales, leasing, corporate services and property management services to clients across the globe. SVN Advisors also represent clients in auction services, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, self-storage and single tenant investments. All SVN® offices are independently owned and operated. For more information, visit www.svn.com.
    Contact
    Name: Connie Neville
    Title: Managing Director and Co-Chair Self Storage Product Council
    Email: nevillec@svn.com
    Phone: (781) 696-6241

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here