Storage Post Self Storage Acquires Industrial Property In Morrisania For $65M

3350 Park Avenue, located in Morrisania, was recently sold in a closed transaction. The property is an industrial asset with a total square footage of 130,000. The sale was conducted by Adam Gordon, representing the seller, Wildflower, to the buyer, Storage Post Self Storage. The transaction took place on 03/02/2022.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $65,000,000
• Units: 3,300
• Price per Unit: $19,696
• Price per Square Foot: $5,000

Storage Post Self Storage acquired the property for a total price of $65,000,000. The deal involved 3,300 units, resulting in a per unit price of $19,696. The cost per square foot was $5,000.

NOTE: No additional information was provided in the context.