Safeguard Self Storage Acquires Self Storage Property In South Ozone Park, Queens For $57.1M

Safeguard Self Storage, a leading provider of self-storage solutions, has acquired a property in South Ozone Park, Queens, for a total price of $57.1 million. The transaction, which closed on August 31, 2023, involved the purchase of a 166,000-square-foot self-storage building. The property, located at 130-02 South Conduit Avenue, comprises two commercial condo units and is situated in the vibrant market of South Ozone Park, Queens.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $57,100,000
• Size (SF): 166,000
• Price per Square Foot (PPSF): $344
• Address: 130-02 South Conduit Avenue, South Ozone Park, Queens
• Market: South Ozone Park, Queens

In this deal, Safeguard Self Storage, represented by buyer James Goonan, purchased the property from seller Joshua Weingarten of Triangle Equities. The transaction was marked by the strong commitment of both parties to achieve a successful outcome. Safeguard Self Storage recognized the potential of the property in meeting the growing demand for self-storage solutions in the South Ozone Park area, while Triangle Equities, a reputable real estate company, seized the opportunity to secure a favorable deal.