SkyView Advisors (SVA), the Tampa, FL based self storage real estate firm, is pleased to announce the sale of Tri-State Self Storage to NSA Property Holdings, LLC. Ryan Clark, Director of Investment Sales at SkyView Advisors represented the seller, Tri-State Realty Associates, L.P.
Ryan Clark, the deal lead for this transaction stated, “It is not often that a portfolio of this size becomes available in this region of the country and it garnered multiple bids from national self storage buyers.”
“The SkyView team and our 252-point proprietary process ensured a smooth and timely closing. The seller had originally received a direct offer and we were able to net him several million dollars more than that offer” said SkyView President, Jay Crotty.
Tri-State Self Storage consists of 3 properties located in the Philadelphia MSA. The properties are situated on approximately 28.3 acres of land and have a total of 264,237 rentable square feet. Combined, the three properties have 568 climate controlled units, 1,860 non-climate controlled units and 109 parking and miscellaneous units. The units range in size from 25 to 1,000 square feet.
For more information on this transaction or on SkyView Advisors, please contact Morghan Cope to schedule an interview with Ryan Clark or SkyView President, Jay Crotty.
About SkyView Advisors
SkyView represents self storage owners in the sale of their property or portfolio and provides debt & equity solutions. SkyView brings a unique perspective to the self storage industry, and has established itself as an innovative leader in the industry, consistently raising the bar. The SkyView team has extensive self storage expertise and deep industry relationships coupled with an impressive track record, having completed more than $1.4 Billion of transactions throughout their careers. SkyView is unique in the industry with its exclusive focus on self storage, team based approach to servicing clients with no internal competition, exclusive focus on sell-side representation, and standardized 252-point proprietary process. For more information about SkyView Advisors, please visit SkyViewAdvisors.com.