SVN sells four property self storage portfolio
NY and CT — Connie Neville, SVN | C. M. Neville & Associates , Inc., Nick Malagisi, SVN | Commercial Realty, Hans Hardisty, SVN | Deegan- Collins Commercial Realty and Patrick Lemp, Valbridge Property Advisors| Italia & Lemp Inc. joined forces to sell a significant self-storage portfolio of four properties located in New York and Connecticut. The portfolio consisted of 228,037 net rentable s/f in 2,485 units. The properties were offered unpriced and were widely marketed to self-storage REITs, pubic companies, funds and individual self-storage investors.
According to Nick Malagisi, product council chair for the SVN National Self-Storage Team, “this portfolio attracted national attention because of its size, the strategic locations, the consistently high occupancies and revenue overall and the pride of ownership evident at each facility.”The four brokers worked cooperatively to list and close this major transaction which included the assumption of one CMBS loan in less than Five months.
SVN is the only commercial real estate firm that markets all of its properties to the entire brokerage and investment community. Participating in $10.1 billion in sales and leasing transactions in 2015, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. This open, transparent and collaborative approach to real estate is the SVN Difference.