National Storage Affiliates acquires Class A self-storage facility on Long Island

NEW YORK CITY, Jul. 23, 2025 – JLL Capital Markets announced today the sale of The Storage Vault, a 54,750-square-foot, Class A self-storage facility located at 73 Horseblock Rd. in Bellport, New York.

The JLL National Self Storage team advised the seller, Storage Vault, throughout the asset’s lifecycle, culminating in the successful sale to National Storage Affiliates.

Completed in 2020, The Storage Vault features 749 units, including 73 parking spaces for tenants to store an assortment of vehicles, including RVs, boats and trailers, in a safe and secure place. The three-story facility is 90% climate-controlled with 33 large drive-up units that provide exceptional convenience.

The property sits on approximately 4.99 acres with significant frontage along Horseblock Road, a major three-lane highway carrying over 14,000 vehicles per day. The asset’s strategic location in Long Island's Bellport market serves an affluent customer base, with average household incomes exceeding $137,000 within a three-mile radius. Over 40,000 residents live within this radius, and the area is experiencing continued economic growth and development.

"This asset represents an exceptional investment opportunity in Long Island's undersupplied self-storage market," said Guthrie Garvin, JLL Managing Director. "With its high-quality construction, stabilized occupancy and strong cash flow, the property offers significant revenue growth potential through ECRIs. The minimal competition within the market — only 4.43 square feet of self-storage per person within five miles — combined with barriers to new development makes this an exceptionally well-positioned asset."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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StorageVault owns and operates 258 storage locations across Canada. StorageVault owns 228 of these locations plus over 5,000 portable storage units representing over 12.9 million rentable square feet on over 752 acres of land. StorageVault also provides last mile storage and logistics’ solutions and professional records management services, ‎such as document and media storage, imaging and shredding services.

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2025, the Company held ownership interests in and operated 1,075 self storage properties, located in 41 states and Puerto Rico with approximately 70.2 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. For more information, please visit the Company’s website at www.nsastorage.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 1000 Index of Companies and the S&P MidCap 400 Index.