March 2, 2022, Storage Post Self Storage expanded its portfolio by adding a new facility in the Morrisania neighbourhood of New York City’s Bronx borough. The building, located at 3350 Park Avenue, Bronx, NY, is the first of many acquisitions for Storage Post’s new growth and expansion plan. Storage Post was founded in 1998 and has facilities across New York, New Jersey and Louisiana. Headquartered in Atlanta, GA, the company pride itself on quality products, operational excellence, positive customer service and increased returns for investors.
Less than a mile from the famous Yankee Stadium, the 160,000-square-foot self-storage facility has climate-controlled self-storage units, motion sensor lighting, and a handy multi-bay internal loading space. This latest location is Storage Post's 5th Bronx self storage facility.
Storage Post Director of Acquisitions, Jack Giannola stated, “This is an exceptional store located in a very strong demographic, with a population of over 1.4 million people living and working in the Bronx. We were excited to win this very competitive bid and closed in a short timeframe. This acquisition is the latest in our aggressive expansion plan in the NYC Metro Market”.
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.