Malagisi, Hardisty (SVN Commercial Realty) Sell LARGE Storage Portfolio

Malagisi, Hardisty (SVN Commercial Realty) Sell Large Storage Portfolio

Nick Malagisi, SIOR and Hans Hardisty, MBA, CCIM of SVN’s National Self-Storage Brokerage and Consulting Council successfully completed a seven-property sale. The transaction included five large, stabilized facilities and two expansion projects. All of the properties were located in New Jersey and within a two-hour driving distance. The portfolio included 393,400 Net Rentable Square Feet and 3,147 units. All units were single-story, and while the facilities were built in the mid 1980’s, they were well maintained.

Given the confidential nature of the sale, the exact sale price or low cap rate cannot be shared. However, we can say that this was one of the largest sales in SVN’s 34-year history. “This [real estate] is a relationship business, and there was no better example than this transaction, with ownership working hand-in-hand with us and trusting our experience through the Covid-19 Pandemic and its effect across all segments of the economy, including self-storage” remarked Malagisi.

About SVN

The SVN Brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and organized competition. The SVN organization is comprised of over 1,600 Advisors and staff in 200+ offices across the globe. In 2020, total transaction volume exceeded $12.5 Billion. Geographic coverage and amplified outreach to traditional, cross-market and emerging buyers and tenants is the way to achieve maximum value for our clients.

About Nick Malagisi, SIOR

Nicholas J. Malagisi, SIOR, serves as National Director of Self Storage and Senior Advisor for SVN, specializing in the valuation, purchase and disposition of self-storage properties. Since 1993, Malagisi has participated in the sale of properties valued in excess of $1 Billion, including single assets as well as portfolios. Malagisi is a long-standing member of the Self-Storage Association (SSA), SSA.org, the national trade organization representing self-storage owners, operators, and vendors within the industry, a Director on the NYS Self Storage Association (NYselfstorage.org) and a founding member of the NYS Commercial Association of Realtors.

About Hans Hardisty, MBA, CCIM

Hans W. Hardisty serves as a Managing Director with SVN and specializes in the purchase and sale of self-storage facilities across the tri-state area. Hardisty is a member of the New York State Self-Storage Association (NYSSA), the National Self-Storage Association (SSA), a member of the New York State Commercial Association of REALTORS, a CCIM, and holds an MBA. Hardisty also has extensive development and management experience. Prior to joining SVN, Hardisty worked for Herb Redl Properties as the Business Development Officer. This privately-held company purchases, develops, manages, and operates premium self-storage facilities and commercial properties across the Hudson Valley.

Contact: Hans Hardisty, MBA, CCIM  |  914-489-7909  |  Hans.hardisty@svn.com

About SVN Hardisty Commercial Realty

Hans W. Hardisty serves as a Managing Director with SVN and specializes in the purchase and sale of self-storage facilities across the tri-state area. Hardisty is a member of the New York State Self-Storage Association (NYSSA), the National Self-Storage Association (SSA), a member of the New York State Commercial Association of REALTORS, a CCIM, and holds an MBA. Hardisty also has extensive development and management experience. Prior to joining SVN, Hardisty worked for Herb Redl Properties as the Business Development Officer. This privately-held company purchases, develops, manages, and operates premium self-storage facilities and commercial properties across the Hudson Valley.