Malagisi and Hrousis of SVN complete $8.5 million

The Sperry Van Ness National Self Storage Team (SVN) has completed the sale of a self storage facility for $8.5 million. The property is located at 310 Snyder Ave. Nicholas Malagisi, national director of self storage for Sperry Van Ness International, teamed with Costas Hrousis, senior self storage advisor for Sperry Van Ness, to represent the buyer, New York-based Post Storage Management, LLC, and the seller, New Jersey-based Tuck Away Mini Storage, Inc. The property closed at a price of $166.11 per s/f net rentable. The facility features 661 climate controlled rental units and 51,171 rentable s/f. Formed in 2005, the Sperry Van Ness National Self Storage Team consists of senior investment advisors specializing in the marketing, sale, disposition and acquisition of self storage properties nationwide. The team utilizes local market expertise to provide clients with the most critical information in a specific market to strengthen the transaction process. By leveraging an appropriate advisor in each market, the team creates an unprecedented synergy for its clients. Sperry Van Ness is the only national firm that in addition to marketing to self storage investors and outside investors, implements an immediate proactive strategy to market all listings to the entire brokerage community. Collectively, the team has brokered the sale of over $400 million in self storage real estate based on total transaction volume. For more information, or to find a representative in your market, please call (800) 304-0442 or visit www.storagerealty.com. Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 990 advisors in over 150 locations. The firm is built to immediately market every one of its clients' properties to the entire brokerage community. Sperry Van Ness delivers results for clients through a proven business model that provides advanced marketing and technology tools. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness transactions total billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svn.