Cushman & Wakefield Brokers Sell Self Storage Property In Deer Park, NY For Unknown Private Equity Group

The 58,500-square-foot self-storage property located at 541 Acorn St in Deer Park, NY, has been sold. The facility comprises 541 units spread across 10 one- and two-story buildings completed between 2000 and 2003. At the time of the transaction, the property was 83 percent occupied.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: Undisclosed
• Address: 541 Acorn St, Deer Park, NY, 11729
• Market: Deer Park
• Seller's Rep: Luke Elliott (Cushman & Wakefield), Michael "Mike" Mele (Cushman & Wakefield), Noah Obuchowski (Cushman & Wakefield), Robert (Bobby) Bloch (Cushman & Wakefield)
• Buyer: Unknown Private Equity Group
• SF: 58,500

The seller, 4 Storage LLC, was represented in the deal by Mike Mele, Luke Eliott, Robert Bloch, and Noah Obuchowski, all from Cushman & Wakefield. On the other side of the transaction, the buyer was an undisclosed private equity group. The specific sales price remains undisclosed at this time.