Storage Post Self Storage recently announced the acquisition of a self storage facility on Long Island, which marks the fourth purchase for the company since late August. The property was sold by a privately-owned self storage operator on Thursday, December 12, 2013.
The facility, located at 88 Hazel Street in Glen Cove, New York, is entirely climate controlled with 824 storage units in nearly 69,000 rentable square feet. Property amenities include rental parking, packing supplies, elevated loading docks, hand carts and motion-sensor lighting. The former owner completely renovated the property in 2011 and Storage Post plans to continue with property upgrades and improvements.
Storage Post’s director of acquisitions, Jack Giannola, commented, “The self storage industry is in a great place right now with increasing occupancy and strong demand, not to mention great investing opportunities. Many storage companies are expanding and buying properties. We expect to add many more locations in 2014 to bring the Storage Post name to more regions and increase our market share.”
The company has been quickly expanding its portfolio through self storage property acquisitions, and anticipates continued growth. The acquisitions team is pursuing both single and portfolio transactions for self storage real estate in dense submarkets. For more information on Storage Post’s expansion strategies, visit www.storagepost.com/acquisitions and www.storagepost.com/about-storage-post/branding-our-buildings.
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.]]>