InSite Property pays $15.2M to Safeguard Self Storage for industrial in College Point

InSite Property Group through the entity 131-21 14th Ave, LLC paid $15.2 million to Safeguard Self Storage through the entity Ppf Ss 131-07 14th Avenue, LLC. for industrial (E9) at 131-21 14th Avenue in College Point, Queens.
The deal closed on June 22, 2021 and was recorded on July 19, 2021.
The property has 55,700 square feet of built space and 17,640 square feet of additional air rights for a total buildable of 73,500 square feet according to PincusCo analysis of city data. The sale price per built square foot is $273 and the price per buildable square foot is $207 per the PincusCo analysis.
The owner bought the property on 4-Oct-19, for $15 million.
The signatory for Safeguard Self Storage was James Goonan. The signatory for InSite Property Group was Charles Brown.
(421925475) Plans for a 72,689 square-foot storage building S-1 were filed on March 19, 2019.

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