Self-storage facility sold in New York City
Utah-based co. gains 1,200-plus units
By Inman News, Thursday, October 7, 2004.Inman News®
Marcus & Millichap negotiated the sale of an 82,000-square-foot Storage Deluxe property in the Bronx, N.Y.
The value of the transaction was approximately $14.2 million.
A New York investment partnership sold the property to Salt Lake City-based Extra Space Storage.
The Storage Deluxe facility is located at 245 W. Fordham Road. The building was completely renovated and converted to self-storage by the seller in 1999.
The property's 1,270 storage units were 87 percent occupied at the time of sale.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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