JLL Capital Markets arranges the sale and secures the financing for Jefferson Valley Self Storage facility sale to Horizon Storage Group

Jefferson Valley, NY JLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility.

JLL’s Self-Storage Capital Markets team marketed the property on behalf of the seller, Columbia Pacific Advisors. Horizon Storage Group purchased the asset with acquisition financing provided by Andover Lending, a joint venture between Andover Properties and TPG Angelo Gordon.

Completed in 2022, Jefferson Valley Self Storage is a Class A facility offering 55,311 rentable s/f. The property is a conversion of a former big-box retail store and underwent a full rehab, including a new roof and comprehensive building system upgrades. At the time of sale, the facility was 87% leased.

The property is located on a 3.6-acre site at 621 Bank Rd. in Westchester County, a suburban county north of New York City. Positioned northeast of U.S. Hwy. 6 and Taconic State Pkwy., Jefferson Valley Self Storage is accessible and is the only self-storage facility within a three-mile radius. The property benefits from being surrounded by an affluent population of more than 81,000 residents earning an average household income of $189,722 within five miles of the facility.