The Storage Mall, which operates 14 self-storage facilities in New Jersey and New York, has purchased two properties from Storage Station in Toms River, NJ. The first property is located at 25 James Street in Toms River while the second property is located at 29 Flint Road in South Toms River.
The entire portfolio encompasses 48,671 square feet of storage space in 506 units. Both properties feature perimeter fencing and the Flint Road location also includes 20 parking spaces. Improvements will be made at both properties, including new roofing, signage, and many other cosmetic updates.
The acquisition of the Storage Station portfolio is the second acquisition for The Storage Mall in the state of New Jersey and from the Storage Station chain.
Based in Rochester, NY, The Storage Mall has over 350,000 square feet of storage space spread across over 3,000 units. Founded in 2000, the company is looking to expand its portfolio to nearly double its size in the next 5 years by adding facilities in the Midwest while still expanding down the East Coast.