Affiliate Of REIT Public Storage Acquires Property At 479 5th Ave New Rochelle From Seller Brian Somoza

The property asset involved in the transaction is a self-storage facility located at 479 5th Ave, New Rochelle, NY, 10801. The self-storage facility is part of a three-property portfolio totaling 3,596 units, with all assets constructed in 2018 or 2019. It operates within the New Rochelle market.

Summary of transaction details:

• Property Type: Self-storage
• Transaction Amount: Not disclosed
• Address: 479 5th Ave, New Rochelle, NY, 10801
• Market: New Rochelle
• Seller's Representative: Brian Somoza, Coleman Benedict-JLL
• Buyer: Affiliate of REIT Public Storage

The transaction involved multiple key individuals and companies, with JLL, represented by Steve Mellon, Brian Somoza, Andrew Scandalios, and Coleman Benedict, facilitating the sale. They also procured the buyer, who is an affiliate of California-based REIT Public Storage. This deal is part of a larger portfolio that includes additional properties located in Brooklyn and metro Boston.