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Saratoga Springs Firm Buys Jamaica Self Storage Facility for $27 Million

Posted: 9/19/2018 Link: TheRealDeal.com
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Self storage facility operator Prime Group Holdings is continuing its expansion in Queens, closing a deal to acquire two industrial buildings in Jamaica.

The Saratoga Springs-based firm bought 109-09 180th Street and 180-05 110th Avenue for $26.5 million. The adjacent properties, which together span 106,000 square feet, once housed a location for Treasure Island Storage.

The seller is Cayre Equities. The firm acquired the assemblage for $6.5 million in 2005, property records show. This is the second storage deal that the company has closed in a week. It recently bought a storage facility in Clinton Hill with partners Maddd Equities and Joy Construction Group.

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