923,706-SF Storage Portfolio On Block for $209M

NEW YORK CITY-Steve Hryszko, a VP of investment properties for CB Richard Ellis’ National Self Storage Properties Group, and Gerry Trainor, managing director for the Institutional Commercial Group at Transwestern, are marketing a self-storage portfolio for $208.6 million. The 11 properties, known as Storage Post are owned by a group of investors called ASP North, GlobeSt.com has learned, and are located in New York and New Jersey.

The locations for the properties include: 4077 Park Ave. in the Bronx, NY; 640 Rockaway Turnpike in Lawrence, NY; 301 Fordham Rd. in the Bronx; 30-28 Starr Ave. in Long Island City, NY; 112 Bruckner Blvd. in the Bronx; 131 Sawmill River Rd. in Yonkers; 363 Huguenot St. in New Rochelle, NY; 48 Metropolitan Ave. in Queens, NY; 191 Broadway in Jersey City; 401 S. Park Ave. in Linden, NJ; and 2 Dunnigan Drive in Suffern, NJ.

Trainor tells GlobeSt.com that 112 Bruckner Blvd. in the Bronx, 131 Sawmill River Rd. in Yonkers, 363 Huguenot St. in New Rochelle and 30-28 Starr Ave. in Long Island City were purchased in Aug. 2006 as a value-add deal. “The properties were severely under managed and are in the process of being turned around through capital improvements and a disciplined leasing program.”