{"id":1004479351,"date":"2020-09-23T01:04:01","date_gmt":"2020-09-23T09:04:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004479351"},"modified":"2025-02-26T06:22:58","modified_gmt":"2025-02-26T14:22:58","slug":"bronx-storage-asset-trades-for-26m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bronx-storage-asset-trades-for-26m\/","title":{"rendered":"Bronx Storage Asset Trades for $26M"},"content":{"rendered":"<div id=\"attachment_1004479354\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004479354\" data-attachment-id=\"1004479354\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bronx-storage-asset-trades-for-26m\/950-university-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg\" data-orig-size=\"640,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"950 University Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;950 University Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg?w=640\" class=\"wp-image-1004479354 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg\" alt=\"\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/950-University-Ave..jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004479354\" class=\"wp-caption-text\">950 University Ave.<\/p><\/div>\n<p>Prime Group Holdings has completed the $26 million acquisition of a self-storage property spanning 105,877 square feet in the Bronx, Yardi Matrix shows. Tuck-It-Away Self Storage sold the building.<\/p>\n<p>Benefit Street Partners Realty Trust provided a $29.9 million acquisition loan, which also encumbers a 111,108-square-foot asset in Long Island. Prime Group bought that property for $10 million in August, according to public records.<\/p>\n<p>Located at 950 University Ave., the eight-story building was originally completed in 1929 and served as headquarters for publishing house H.W. Wilson. In 2012, Tuck-It-Away Self Storage paid $10.9 million for the structure and converted it into self storage and office space, using it as its new headquarters.<\/p>\n<p>The facility provides climate-controlled indoor units with sizes between 9 and 960 square feet. The property has security cameras and an on-site manager. Located in an Opportunity Zone, the site is a short distance from Interstate 87.&nbsp; There are at least eight other self storage facilities encompassing 544,957 square feet within a 1-mile radius, Yardi Matrix shows.<\/p>\n<p>In March, Prime Group Holdings <a href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-self-storage-asset-trades-for-9m\/\">paid $9.2 million<\/a> to purchase a 116,350-square-foot self storage asset in Charlotte, N.C. LMF Commercial provided acquisition financing for the 666-unit facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.<\/p>\n","protected":false},"author":867,"featured_media":1004479357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1600,21742,10],"tags":[33971,50284,48770,50281],"class_list":["post-1004479351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-new-york","category-latest","category-northeast","tag-adaptive-reuse-projects","tag-benefit-street-partners-realty-trust","tag-prime-group-holdings","tag-tuck-it-away-self-storage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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