Malagisi and Hardisty of SVN Self-Storage broker $6.2 million sale in West Henrietta

Hans Hardisty, CCIM,
SVN Commercial Realty

Nick Malagisi, SIOR,
SVN Commercial Realty

West Henrietta, NY According to SVN Commercial Realty, they have completed the sale of Erie Station Self-Storage, 70 Erie Station Rd., for $6.2 million.

The facility is 57,300 gross s/f and 46,850 net rentable s/f with 225 climate controlled units in a three-story “big box” building and 233 standard drive-up units. In addition, the seller delivered a building permit for a 7,600 s/f single-story expansion building.

The facility was developed by a local development company and purchased by a private REIT based out of NYC, who already owned one facility in the market. The facility will be re-branded to Global Self-Storage.

Nick Malagisi, SIOR and Hans Hardisty, CCIM of the national SVN Self-Storage team where the procuring and selling brokers. The property was managed by Storage Investment Management Inc. (SIMI) a national third-party self-storage management company.

Tags: Brokerage

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