JLL Capital Markets leads sales efforts for DHIP Group to sell 598-unit self-storage facility

Mt. Kisco, NY JLL Capital Markets has closed the sale of DHIP Group’s 598-unit self-storage facility totaling 64,130 s/f.

JLL’s Self Storage Capital Markets team represented the seller, DHIP Group, and procured the buyer, an affiliate of Andover Properties.

The property is located at 140 Radio Circle just north of Manhattan in Westchester County. With more than 990,000 residents, Westchester County is consistently ranked as one of the best places to live in America and is supply constrained, with only three competing self-storage properties within a five-mile radius and one permitted for construction. The property is easily accessible via the Saw Mill River Pkwy. and is right off the Main St. in Mt. Kisco.

Completed in 2024, the three-story, Class A facility offers a customer service office, a covered loading area and 24-hour surveillance. The facility is over 92% climate-controlled and is currently 57% occupied.

JLL’s Self Storage Capital Markets team representing the seller was led by managing director Guthrie Garvin.

“Self-storage continues to draw significant investor interest given the defensive nature of the asset class,” said Garvin. “140 Radio Circle is a Class A product located in a highly affluent area that resonated well with the investment community."

Tags: Brokerage Hudson Valley

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