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.
Devon Self Storage
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
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
