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Self-Storage Facility

Devon Self Storage

3434 NJ-35, Hazlet, NJ 07730

Listing Price: $16,000,000

Cap Rate
0.08%
Number of Units
652
Occupancy
66.6%
Gross SF
64,063
Rentable SF
64,063
Price/Rentable SF
$249.75
Year Built
2022

Investment Overview

Building layout consists of one two-story building made up of 652 climate-controlled units totaling 64,063 NRSF. Facility features two large bay loading areas for easy access to all units, making for a convenient customer experience.

Investment Highlights

  • LEASE-UP MOMENTUM // Facility has leased up to 48.96 percent in the first 13 months since opening, averaging 3.77 percent occupancy gained per month. (Based on March 31, 2023 Financials)
  • RARE OPPORTUNITY // Next investor has the opportunity to enter the undersupplied and growing market of Hazlet, New Jersey- a township within the NYC MSA
  • GREAT DEMOGRAPHICS // The three-mile trade area has a population of75,174 and a median household income of $101,841 in an active supply ratio of only 2.79 climate-controlled NRSF per capita

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Self-Storage Facility

Devon Self Storage

Listing Price: $16,000,000

Cap Rate
0.08%
Number of Units
652
Occupancy
66.6%
Gross SF
64,063
Rentable SF
64,063
Price/Rentable SF
$249.75
Year Built
2022

Investment Highlights

  • LEASE-UP MOMENTUM // Facility has leased up to 48.96 percent in the first 13 months since opening, averaging 3.77 percent occupancy gained per month. (Based on March 31, 2023 Financials)
  • RARE OPPORTUNITY // Next investor has the opportunity to enter the undersupplied and growing market of Hazlet, New Jersey- a township within the NYC MSA
  • GREAT DEMOGRAPHICS // The three-mile trade area has a population of75,174 and a median household income of $101,841 in an active supply ratio of only 2.79 climate-controlled NRSF per capita

Investment Overview

Building layout consists of one two-story building made up of 652 climate-controlled units totaling 64,063 NRSF. Facility features two large bay loading areas for easy access to all units, making for a convenient customer experience.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

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