
Farmingdale, NY Sterling Equities, (Sterling), a fully-integrated investment firm with holdings in real estate, media and sports, announced the completion and grand opening of a newly built three-story self-storage facility located at 505 Bi-County Blvd. The new facility is part of the CubeSmart Self-Storage national brand.
Construction on the facility began in early 2024 using the latest technologies and materials in the storage industry and was built to meet all the CubeSmart branding standards.
Designed to meet a variety of storage needs, the climate-controlled building will encompass nearly 115,000 s/f upon completion with nearly 1,000 units, ranging from 5’x5’ to 15’x25’.
“We are thrilled to bring a new best-in-class storage facility to Long Island,” said Todd Katz, partner, Sterling Equities. “This modern property is the latest showcase of Sterling’s investment in local economic development and job creation, as well as the company’s commitment to the growing self-storage property sector.”
CubeSmart, a self-administered and self-managed real estate investment trust, will provide professional management services at this property. CubeSmart is the third largest owner and operator of self-storage properties with over 1,500 self-storage properties across the United States. Their mission is to simplify the organizational and logistical challenges created by the many life events and business needs of our customers through innovative solutions, unparalleled service, and genuine care.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.