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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