Atlanta-based Storage Post Acquires 3 Additional Self-Storage Properties in New York

Staff Report From Metro Atlanta CEO

Tuesday, September 27th, 2016

Atlanta-based Storage Post Self Storage has acquired 3 additional New York self-storage properties, further expanding its reach into Nassau, Suffolk and Westchester counties. Storage Post has grown significantly in the last six years through acquisitions, redevelopment and select management contracts. The purchase of these Floral Park, Huntington Station, and Yorktown stores have increased the company's New York market to include 25 properties. The newly acquired properties are located at 50 Carnation Avenue, Floral Park, NY; 280 Broadway, Huntington Station, NY; and 1760 Front Street, Yorktown Heights, NY.

Each of the newly acquired locations are clean, well maintained facilities staffed with experienced storage specialists and featuring state of the art security, climate controlled units and ample access hours. The properties offer a variety of conveniences such as month-to-month rentals, moving and packing supplies, hand carts, elevators, and online bill pay.  The facilities are easily accessible and located on high traffic thoroughfares.  Floral Park, Huntington Station, and Yorktown Heights are well populated markets in the New York MSA, characterized by relatively-high household incomes and strong economic growth.

"This was a great purchase. The properties are in sought after markets with attractive demographics, and we worked with a quality seller, which facilitated a smooth transaction," said Dylan Delaune, Chief Operating Officer at Storage Post. "The portfolio is irreplaceable and the high quality locations will deliver a great product to our customers. We are happy to add these properties into our brand. This is another great deal originated by our Director of Acquisitions, Jack Giannola."