Storage Post Self Storage acquires a 2-property portfolio

Deals represent company's 10th and 11th property acquisitions this year

Storage Post Self Storage on Wednesday said it is continuing its 2022 expansion with the addition of two recently developed self-storage properties within the New York City Metropolitan Statistical Area.

Storage Post-Elizabeth and Storage Post-Perth Amboy combine for a total of 227,000 square feet and are both Class A properties in prime locations for self-storage growth.

Storage Post Elizabeth is located at 1189 Magnolia Ave., Elizabeth, and Storage Post Perth Amboy is at 900 State St., Perth Amboy. The properties are rich with amenities like climate-controlled self-storage units, covered loading bays, drive-up access storage units, motion-activated LED lighting and advanced energy-efficient building management systems.

The Storage Post Self Storage acquisitions team is expected to add several additional self-storage facilities in the next year through existing property acquisitions, ground-up development and select management contracts.

“Our advanced SEO and digital marketing, touchless online rental experience and professional sales center have proven success in leasing up our new self-storage facilities,” Stephen Gruver, Storage Post director of marketing, stated. “Our superior self-storage operations, professional staff and centralized customer care experience are why we maintain our consumer’s trust and continued business.”

“This potentially difficult transaction was made smooth and easy by working with great partners. Seller’s brokerage firm, Newmark Group, led by Aaron Swerdlin and Taucha Hague, did a great job putting this deal together,” Jack Giannola, Storage Post director of acquisitions, said. “The seller, United Hampshire US REIT, was very responsive and attentive to details throughout the process, and thanks to J.P. Morgan for providing the funding to close the deal.”