Safe N Lock Self Storage LLC pays $15M to John Acierno for commercial properties in Kensington

Safe N Lock Self Storage LLC through the entity SNL XXII, LLC (and others) paid John Acierno’s Acierno Garage Corp. $15 million for six properties in four transactions including 1440 39th Street in Kensington. The deal closed on December 17, 2019, and was recorded on December 30 and 31, 2019. The transaction consists of 6 parcels, including the tax class garage with two or more stories (G1). The parcel(s) have total development potential of approximately 60,000 square feet, according to an analysis by PincusCo Media.

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