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Self-Storage Facility

Riverside Mini Storage

126 Kossuth St, Riverside, NJ 08075

Listing Price: $515,000

Cap Rate
3.53%
Number of Units
22
Occupancy
73.0%
Gross SF
2,432
Rentable SF
2,432
Price/Rentable SF
$211.76
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of Riverside Mini Storage located in Riverside, NJ. Riverside Mini Storage is the only Non-REIT property within its market, allowing an investor to keep rates under the top prices while allowing their competitors to push the rates. When purchased in early 2022, this facility was 100% full. Since acquiring it, the owners have added a new set of 10 units, doubling the size and allowing a new investor to complete the lease up phase of those units. Riverside Mini Storage is run completely remotely with a manager in place charging a mere $50 per visit to the property. With a market that is under supplied by roughly 3.9 SF/Capita, a higher than average median household income, and a large population within 3 miles, this facility will be leased fully in no time! Whether an investor has multiple storage facilities, or they are an entry-level buyer, Riverside Mini Storage provides a pain-free, cash flowing asset that is a great addition to any portfolio.

Investment Highlights

  • Strong Demographics in 3-Mile Radius
  • Market Pushed By REITs
  • Completely Remotely Managed
  • New Units in Lease-Up Phase

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Self-Storage Facility

Riverside Mini Storage

Listing Price: $515,000

Cap Rate
3.53%
Number of Units
22
Occupancy
73.0%
Gross SF
2,432
Rentable SF
2,432
Price/Rentable SF
$211.76
Year Built
1980

Investment Highlights

  • Strong Demographics in 3-Mile Radius
  • Market Pushed By REITs
  • Completely Remotely Managed
  • New Units in Lease-Up Phase

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of Riverside Mini Storage located in Riverside, NJ. Riverside Mini Storage is the only Non-REIT property within its market, allowing an investor to keep rates under the top prices while allowing their competitors to push the rates. When purchased in early 2022, this facility was 100% full. Since acquiring it, the owners have added a new set of 10 units, doubling the size and allowing a new investor to complete the lease up phase of those units. Riverside Mini Storage is run completely remotely with a manager in place charging a mere $50 per visit to the property. With a market that is under supplied by roughly 3.9 SF/Capita, a higher than average median household income, and a large population within 3 miles, this facility will be leased fully in no time! Whether an investor has multiple storage facilities, or they are an entry-level buyer, Riverside Mini Storage provides a pain-free, cash flowing asset that is a great addition to any portfolio.

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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