Extra Space Storage Acquires Self-Storage Property In The Bronx For $15.35M

A self-storage property located at 1045 Webster Avenue in the Bronx has been sold for a total of $15,350,000. The property spans 41,000 square feet and was sold at a rate of $374 per square foot. The transaction took place on 23rd December 2021, and the buyer is Extra Space Storage, represented by Joe Margolis. Knickpoint Ventures, represented by Matt Sprayregen, acted as the seller in the deal. Cushman & Wakefield brokers Noah Obuchowski and Robert Bloch facilitated the transaction.

Summary of transaction details:

• Property Type: Self-storage
• Transaction Amount: $15,350,000
• Square Footage: 41,000
• Price per Square Foot: $374
• Address: 1045 Webster Avenue, Bronx
• Market: Bronx

One of the key individuals involved in the deal is Joe Margolis, representing Extra Space Storage as the buyer. The seller, Knickpoint Ventures, was represented by Matt Sprayregen. The transaction was facilitated by brokers Noah Obuchowski and Robert Bloch from Cushman & Wakefield.