Mark H. Degner Of Safeguard Self Storage Acquires Development Site In Brooklyn For $40.25M

The property involved in this transaction is a development site located at 1454 39th Street in Brooklyn. The asset, which has a total square footage of 63,814, was sold for a price of $40,250,000, which equates to approximately $631 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $40,250,000
• Address: 1454 39th Street
• Market: Brooklyn
• Size: 63,814 SF
• Price per SF: $631
• Buyer: Mark H. Degner - Safeguard Self Storage
• Seller: Equity Resource Investments & Marc Sharinn - SNL Storage

The transaction was carried out by Mark H. Degner, representing Safeguard Self Storage, through PPF SS 1454 39th Street, LLC. The sellers in this transaction were Equity Resource Investments and Marc Sharinn, representing SNL Storage.