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Horizon Storage Acquires Jefferson Valley Facility

JLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility in Jefferson Valley, NY. The firm’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. Terms were not disclosed.

Completed in 2022, Jefferson Valley Self Storage is a Class A facility offering 55,311 rentable square feet. The property is a conversion of a former big-box retail store and underwent a full rehab. 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. It 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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition