Press Releases
Marcus & Millichap Arranges Sale of 373-Unit Self-Storage Property in New York
January 16, 2025
NEW WINDSOR, N.Y., Jan. 16, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lock Around the Clock, a 373-unit self-storage property located in New Windsor, New York.
“It’s great to have sold another stabilized asset to an out-of-state buyer for top dollar in New York’s Mid-Hudson Valley region,” said Luke Dawley, senior associate. “This sale highlights the strength of the storage market in the area, even amid challenging overall market conditions.”
Dawley, Gabriel Coe, Nathan Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, marketed the property on behalf of the seller, Sloop Hill Associates LLC. John Horowitz is Marcus & Millichap’s broker of record in New York.
Lock Around the Clock is located on 3.3 acres at 8 Sloop Hill Road, about 45 miles north of New York City. Built in 2002, the facility features 126 climate-controlled units, 213 non-climate-controlled units, 31 outdoor parking spaces, two apartments, and one garage, spanning a total of 32,725 rentable square feet.
“It’s great to have sold another stabilized asset to an out-of-state buyer for top dollar in New York’s Mid-Hudson Valley region,” said Luke Dawley, senior associate. “This sale highlights the strength of the storage market in the area, even amid challenging overall market conditions.”
Dawley, Gabriel Coe, Nathan Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Columbus office, marketed the property on behalf of the seller, Sloop Hill Associates LLC. John Horowitz is Marcus & Millichap’s broker of record in New York.
Lock Around the Clock is located on 3.3 acres at 8 Sloop Hill Road, about 45 miles north of New York City. Built in 2002, the facility features 126 climate-controlled units, 213 non-climate-controlled units, 31 outdoor parking spaces, two apartments, and one garage, spanning a total of 32,725 rentable square feet.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
