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Cubesmart announces the acquisition of Safegaurd Self Storage in Ridgefield
The facility has been sold for $12.9 Million

September 18, 2015: Cubesmart, a Pennsylvania-based real estate investment trust and provider of self-storage facilities, announces the acquisition of Safeguard Self Storage property in Ridgefield for $12.9 million.

According to the release, the 690-unit facility, situated at 552 Grand Ave., sits on a 1.21-acre property.

The property also includes a 1,500-square-foot, three-bedroom apartment and a 1,800-square-foot space that was previously occupied by a dance studio.

The transaction was part of a two-property portfolio sale to Cubesmart. Another Safeguard Self Storage property in Baldwin, N.Y., valued at $11.9 million, was included in the sale.

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