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Self-Storage Facility

Stack N Stor Milton

885 Rock City Rd, Ballston Spa, NY 12020

Listing Price: Request For Offer

Occupancy
22.0%
Rentable SF
78,953
Year Built
2022

Investment Overview

Stack N Stor Self Storage is a Class A Facility that opened in February of 2022. The facility is the only self-storage property located in a 5-mile radius of the property, with this facility representing 2.9 SF of self storage per capita in a market with a population of just over 30,000. Since opening in February, the property has achieved 27% SF occupancy with 200 rentals and 40 vacates through the end of August, and is on track to reach 90% maturity within 30 months of opening. The property has a tenant insurance penetration rate of 68% through the end of August with delinquency below 1%. The property is professionally managed by Storage Asset Management with full time, and onsite property management staff. Storage Asset Management would be a great management option to keep in place to manage the facility long term.

Investment Highlights

  • Opened in February of 2022
  • On Pace to Reach 90% Occupancy within 30 Months
  • Class A Multi-Story Facility
  • 2.9 SF Per Capita of Self-Storage in a 5-Mile Radius
  • No Competitors within a 5-Mile Radius
  • Population of 31,500 in the 5-Mile Radius
  • 90% Climate Controlled Unit Mix
  • $18 Per SF Annual Climate Controlled Rental Rate Average in a 10-Mile Radius

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

Stack N Stor Milton

Listing Price: Request For Offer

Occupancy
22.0%
Rentable SF
78,953
Year Built
2022

Investment Highlights

  • Opened in February of 2022
  • On Pace to Reach 90% Occupancy within 30 Months
  • Class A Multi-Story Facility
  • 2.9 SF Per Capita of Self-Storage in a 5-Mile Radius
  • No Competitors within a 5-Mile Radius
  • Population of 31,500 in the 5-Mile Radius
  • 90% Climate Controlled Unit Mix
  • $18 Per SF Annual Climate Controlled Rental Rate Average in a 10-Mile Radius

Investment Overview

Stack N Stor Self Storage is a Class A Facility that opened in February of 2022. The facility is the only self-storage property located in a 5-mile radius of the property, with this facility representing 2.9 SF of self storage per capita in a market with a population of just over 30,000. Since opening in February, the property has achieved 27% SF occupancy with 200 rentals and 40 vacates through the end of August, and is on track to reach 90% maturity within 30 months of opening. The property has a tenant insurance penetration rate of 68% through the end of August with delinquency below 1%. The property is professionally managed by Storage Asset Management with full time, and onsite property management staff. Storage Asset Management would be a great management option to keep in place to manage the facility long term.

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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