Storage Post Secures $89 Million Acquisition Loan For Self Storage Portfolio In New York City

The asset involved is a self-storage facility located at 491 Bergen Street, 4388-4396 Broadway & 471-475 Amsterdam Avenue in New York City. The loan amount for the acquisition of this portfolio is $89,000,000.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $89,000,000
• Lender: Heitman Capital Management
• Landlord: Storage Post
• Brokers: Steven Klein & Robert Tonnessen - JLL

The transaction included representation by JLL, which not only represented the seller but also procured the buyer for the portfolio, highlighting their crucial role in facilitating the deal.