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Located in Wappingers Falls, NY in Dutchess County, 169 Myers Corners will be converted into an up to 1,356 Unit Class A climate-controlled self-storage facility managed by national self-storage leader, CubeSmart.
Deal Highlights
- Under-supplied Market and High Market Occupancies
- Strong SubMarket and Demographics
- CubeSmart Management, a National Operator
- Investor Friendly Terms - 20.0% Preferred Return
- Conversion of Office/Flex Building w/ Self-Storage Synergies
- Redevelopment Experience of Sponsor
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Led by an experienced, Boston-based, 10x repeat Marketplace sponsor, a Fund that offers investors participation in any potential GP promote, while targeting a range of investment strategies and property types within the Greater Boston Area
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