Manhattan Mini Storage Explores Sale for More Than $3 Billion
- Demand for self-storage has boomed during the pandemic
- Company has more than 150,000 NYC customers annually
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Edison Properties is working with Eastdil Secured to explore the sale of Manhattan Mini Storage, a business that has boomed in the pandemic.
Manhattan Mini Storage’s portfolio spans 56,000 units, or 3.1 million square feet, and its occupancy rate currently exceeds 95%, people with knowledge of the matter said. Founded in 1978, the company is estimated to have the largest market share of any storage provider in Manhattan, the people added.