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$6m storage sale.


Nicholas Malagisi, of Sperry Van Ness Van Ness may refer to:

People

  • Cornelius P. Van Ness, Vermont governor, judge and U.S. diplomat
  • Frederick Van Ness Bradley, a U.S. Representative from Michigan
  • George Van Ness Lothrop, a Michigan politician
  • James Van Ness, son of Cornelius P.
[R] Storage Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
, has completed the sale of U-Store It Village located in Hazlet, N.J., to Total Storage Concepts for $6,350,000.

The facility has 796 rental units contained within 64,061 rentable square feet.

Total Storage Concepts, based out of Westfield, N.J., purchased the facility for its prime location on NJS NJS Naval Justice School
NJS Nurmijärven Jalkapalloseura (Finland) 
 Route 35 on a corner location. The sale closed at an 8% CAP rate based upon current income and expenses with 90% occupancy.

Recently, Malagisi affiliated himself and will serve as national director of self storage with Sperry Van Ness[R], one of the largest commercial real estate investment brokerage firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .
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Article Details
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Title Annotation:sale of U-Store It Village in New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NJ
Date:Jun 15, 2005
Words:116
Previous Article:DC firm's sublease.(real estate)(Brief Article)
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