CrowdStreet: 10 Gordon Drive Self-Storage

The real estate investment platform CrowdStreet launched an offering for a ground-up development of a self-storage facility in Long Island, New York.

In times of adverse market conditions and economic uncertainty, a historically resilient and inflation-hedging investment avenue is self-storage facilities. The 10 Gordon Drive Self Storage project is in a market that’s seeing high demand for such facilities, which have seen a 94% occupancy rate and 10% rent growth over the last 12 months according to management company Extra Space Storage, which will provide the facility with its proprietary pricing models, electronic building and gate access and a suite of online tools for customers to the deal.

The Long Island market is in the midst of a severe supply and demand imbalance as storage space within the metropolitan statistical area (MSA) equates to ...

Full story available on

Continue reading...