Storage Deluxe Acquires Development Site In East Williamsburg For $14.6M

Storage Deluxe has acquired a development site in East Williamsburg for $14,600,000. The property, located at 74 Bogart Street, has a total square footage of 160,000. The buyer purchased the asset from NexPoint Storage Partners. The transaction took place on July 12, 2022.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $14,600,000
• Address: 74 Bogart Street, East Williamsburg
• Seller: NexPoint Storage Partners
• Buyer: Storage Deluxe
• Market: East Williamsburg
• BSF: 160,000
• PPBSF: $90

The buyer, Storage Deluxe, made the transaction through their representative, Steven J. Guttman, Nicholas S. Coslov, and Steven Novenstein. The seller, NexPoint Storage Partners, was represented by their own representative. The deal marks a significant investment for Storage Deluxe in the East Williamsburg market.