InSite pays $6.5M for warehouse in Gowanus

Storage company InSite through the entity 88 9th Street Brooklyn LLC paid Chuck Realty Corp. $6.5 million for 70 9th Street in Gowanus, Brooklyn. The deal closed on October 2, 2020, and was recorded on October 22, 2020. The transaction consists of 1 parcel, including the tax class warehouse or self storage (E7). The property is 42,488 square feet. The parcel(s) have total development potential of 84,976 square feet.
The average sale price per square foot is $76.

InSite is a storage property company based in Redondo Beach, California. The contract date was January 20, 2020.

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