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Storage Post Self Storage Acquires Industrial Property In Morrisania For $65M

3350 Park Avenue
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This Industrial property located in NY was sold for $65,000,000 about 2 years ago. The broker of the deal was Aaron Sanchez

3350 Park Avenue, located in Morrisania, was recently sold in a closed transaction. The property is an industrial asset with a total square footage of 130,000. The sale was conducted by Adam Gordon, representing the seller, Wildflower, to the buyer, Storage Post Self Storage. The transaction took place on 03/02/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $65,000,000
  • Units: 3,300
  • Price per Unit: $19,696
  • Price per Square Foot: $5,000

Storage Post Self Storage acquired the property for a total price of $65,000,000. The deal involved 3,300 units, resulting in a per unit price of $19,696. The cost per square foot was $5,000.

NOTE: No additional information was provided in the context.

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Deals
  • Location
    3350 Park Avenue, New York City, New York 10456, United States3350 Park Avenue, New York City, New York 10456, United States
  • Sale Price
    $65,000,000$65,000,000
    $242 PPSF$242 PPSF
  • Area
    268,000 SF268,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Aaron Sanchez

Aaron Sanchez

Deals2
Financed$65M

Agency

SkyView Advisors

SkyView Advisors

Agency
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Volume$93M

JPMorgan Chase

JPMorgan Chase

Lender
Deals167
Volume$ 2.2T

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Deal Summary

SALE IMAGE: Adam Gordon DATE: 03/02/2022 ADDRESS: 3350 Park Avenue MARKET: Morrisania ASSET TYPE: Industrial BUYER: Storage Post Self Storage SELLER: Wildflower - Adam Gordon SALE PRICE: $65,000,000 UNITS: 3,300 ~ PPU: $19,696 SF: 130,000 ~ PPSF: $5,000

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3350 Park Avenue

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