New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Long Island Self-Storage Goes Under Contract After 45 Days on Market
Marcus & Millichap closed the sale of Oakdale Self-Storage, a 291-unit self-storage property in the Suffolk County hamlet of Oakdale, NY. The firm’s Andreas Makris and Kevin Bledsoe exclusively marketed the property on behalf of the seller and procured the buyer, in association with John Horowitz, the firm’s broker of record in New York.
“Within just three weeks of marketing, we received four competitive offers, secured 149 signed confidentiality agreements and conducted eight property tours,” said Makris. “The asset went under contract within 45 days of listing. Both the buyer and seller were a pleasure to work with, making this a memorable transaction.”
Located at 1625 Montauk Hwy, Oakdale Self-Storage consists of 190 climate-controlled units, 86 non-climate-controlled units, and 15 outdoor parking spaces across 27,320 rentable square feet. Built in 2005, the facility is 88% occupied and features keypad access, an onsite management office and 24-hour video surveillance.
- ◦Sale/Acquisition
