{"id":1004116513,"date":"2015-03-30T11:08:38","date_gmt":"2015-03-30T19:08:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=336482"},"modified":"2020-05-11T04:28:44","modified_gmt":"2020-05-11T12:28:44","slug":"roslindale-self-storage-sold-to-the-grossman-companies","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/roslindale-self-storage-sold-to-the-grossman-companies\/","title":{"rendered":"Roslindale Self Storage Sold to The Grossman Companies"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<div id=\"attachment_336511\" class=\"wp-caption alignright\" style=\"width: 184px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/David-Grossman.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-336511  \" title=\"David Grossman, Co-President of The Grossman Companies\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/David-Grossman.jpg\" alt=\"David Grossman, Co-President of The Grossman Companies\" width=\"174\" height=\"176\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">David Grossman, Co-President of The Grossman Companies<\/p>\n<\/div>\n<p>A family-owned real estate company expanded its self-storage portfolio in Boston with the acquisition of a 44,000-square-foot property in Roslindale, one of the city\u2019s primarily residential neighborhoods.<\/p>\n<p>Quincy-based The Grossman Companies, Inc. recently paid $8.8 million for Roslindale Self Storage. According to a statement from the buyer, the acquisition was backed by a $6.4 million loan from Brookline Bank.<\/p>\n<p>Located at 34-44 Lochdale Road and 48-99 Mahler Rd. off Washington St., Roslindale Self Storage sits on a 1.34-acre parcel close to the Arnold Arboretum of Harvard University. <em><a title=\"PropertyShark\" href=\"https:\/\/www.propertyshark.com\/mason\/OnePageReports\/report.html?propkey=111695022&amp;newwindow=true\" rel=\"nofollow\">PropertyShark<\/a><\/em> data shows that the site was previously owned by James C. Dow of Northeastern Realty Trust, who acquired the site in 1995 for $330,000.<\/p>\n<p>Roslindale Self Storage consists of 366, climate controlled storage units with monthly rents starting at $109, according to the warehouse\u2019s <a title=\"Roslindale Self Storage\" href=\"https:\/\/roslindaleselfstorage.com\/\" rel=\"nofollow\">website<\/a>. The facility also includes 17,000 square feet of commercial space fully occupied by two tenants\u2014Autoparts International and Cataldo Ambulance\u2014, as well as 55 paved parking spaces adjacent to the building. Roslindale Self Storage also features free Wi-Fi, drive-up access, on-site packing supplies and an online payment system for monthly bills.<\/p>\n<div id=\"attachment_336526\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Roslindale-Self-Storage.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-336526\" title=\"Roslindale Self Storage\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Roslindale-Self-Storage.jpg\" alt=\"Roslindale Self Storage\" width=\"300\" height=\"159\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Roslindale Self Storage<\/p>\n<\/div>\n<p>\u201cWe have been pursuing urban self-storage property for the last few years and are excited about this opportunity in Roslindale which is a densely populated, under-supplied market,\u201d said David Grossman, Co-President of The Grossman Companies. \u201cThe asset has historically been fully occupied and its stable cash flow is extremely attractive; however, we are optimistic that we will be able to create significant value in the medium- and long-term,\u201d he added. Storage Asset Management of York, PA, was selected to manage the property on behalf of the new owner.<\/p>\n<p><em>Photos courtesy of The Grossman Companies<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A family-owned real estate company expanded its self-storage portfolio in Boston with the acquisition of a 44,000-square-foot property in Roslindale, one of the city&rsquo;s primarily residential neighborhoods.<\/p>\n","protected":false},"author":258,"featured_media":1004505875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004116513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Roslindale Self Storage Sold to The Grossman Companies - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/roslindale-self-storage-sold-to-the-grossman-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roslindale Self Storage Sold to The Grossman Companies\" \/>\n<meta property=\"og:description\" content=\"A family-owned real estate company expanded its self-storage portfolio in Boston with the acquisition of a 44,000-square-foot property in Roslindale, one of the city&rsquo;s primarily residential neighborhoods.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/roslindale-self-storage-sold-to-the-grossman-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-30T19:08:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T12:28:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/David-Grossman.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Roslindale Self Storage Sold to The Grossman Companies\",\"datePublished\":\"2015-03-30T19:08:38+00:00\",\"dateModified\":\"2020-05-11T12:28:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/\"},\"wordCount\":295,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/David-Grossman.jpg\",\"articleSection\":[\"Boston\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/roslindale-self-storage-sold-to-the-grossman-companies\\\/\",\"name\":\"Roslindale Self Storage Sold to The Grossman Companies - 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