Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Store Space Self Storage (Managed) located in Rochester, New York. The facility consists of 551 climate-controlled units totaling 42,920 net rentable square feet. There are also three outdoor parking spaces available for rent. This is a stabilized cash flowing facility that is currently 81 percent physically occupied. There are expansion plans and approvals in place for 384 climate controlled units totaling 31,925 net rentable square feet. The property is fully secured with a keypad entrance, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense surrounding population. The population within five miles of the facility is 311,159. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 10,100 cars per day off North Goodman Street and 22,600 cars per day off East Main Street. Store Space Self Storage (Managed) is being offered for $8,750,000 or $203.87 per rentable square foot.