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Self-Storage Facility

West Batavia Rentals & Broadway Rentals

8850 Wortendyke Rd, Batavia, NY 14020

Listing Price: $3,600,000

Cap Rate
5.47%
Number of Units
371
Occupancy
100.0%
Rentable SF
51,670
Price/Rentable SF
$69.67
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale West Batavia Rentals & Broadway Rentals which consists of two locations just 11.50 miles apart in Batavia and Darien Center, New York. The two facilities combined feature 371 non-climate-controlled units totaling 51,670 net rentable square feet. They also offer eight outdoor parking spaces for rent at the Batavia location. The facilities have experienced strong rental growth and are currently 100 percent physically occupied. There are approvals in place for a 26,208 square foot expansion at the Batavia location, and room for expansion at the Darien Center location. There is also a rental increased planned for September 2022. The locations of these facilities both benefit from being located just off major Roadways. West Batavia Rentals is located by New York Route 33 and Broadway Rentals is located on U.S. Route 20. They both have great street frontage and daily traffic counts ranging from 4,100-4,300 cars per day. West Batavia Rentals & Broadway Rentals is being offered for $3.6 million or $69.67 per rentable square foot.

Investment Highlights

  • Two Self-Storage Facilities 11.5 Miles Apart
  • 51,670 Combined Net Rentable Square-Feet
  • 371 Non-Climate-Controlled Units
  • Eight Outdoor Parking Spaces
  • Stabilized Facilities: 100 Percent Combined Physical Occupancy

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Financing By

Self-Storage Facility

West Batavia Rentals & Broadway Rentals

Listing Price: $3,600,000

Cap Rate
5.47%
Number of Units
371
Occupancy
100.0%
Rentable SF
51,670
Price/Rentable SF
$69.67
Year Built
1996

Investment Highlights

  • Two Self-Storage Facilities 11.5 Miles Apart
  • 51,670 Combined Net Rentable Square-Feet
  • 371 Non-Climate-Controlled Units
  • Eight Outdoor Parking Spaces
  • Stabilized Facilities: 100 Percent Combined Physical Occupancy

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale West Batavia Rentals & Broadway Rentals which consists of two locations just 11.50 miles apart in Batavia and Darien Center, New York. The two facilities combined feature 371 non-climate-controlled units totaling 51,670 net rentable square feet. They also offer eight outdoor parking spaces for rent at the Batavia location. The facilities have experienced strong rental growth and are currently 100 percent physically occupied. There are approvals in place for a 26,208 square foot expansion at the Batavia location, and room for expansion at the Darien Center location. There is also a rental increased planned for September 2022. The locations of these facilities both benefit from being located just off major Roadways. West Batavia Rentals is located by New York Route 33 and Broadway Rentals is located on U.S. Route 20. They both have great street frontage and daily traffic counts ranging from 4,100-4,300 cars per day. West Batavia Rentals & Broadway Rentals is being offered for $3.6 million or $69.67 per rentable square foot.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

Financing By

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