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Self-Storage Facility

Safe Secure Dry Self Storage

105 Harmon Dr, Gloucester Township, NJ 08012

Listing Price: $2,400,000

Cap Rate
6.85%
Number of Units
98
Occupancy
90.7%
Gross SF
14,500
Rentable SF
14,500
Price/Rentable SF
$165.52
Year Built
2000

Investment Overview

OFFERS DUE JUNE 1, 2023 Marcus & Millichap is pleased to exclusively offer for sale Safe Secure Dry in Blackwood, NJ. This facility, which consists of 13,280 NRSF of Storage and an onsite apartment, resides within a heavily populated 3-mile market of roughly 86,000 people. Within that 3-miles, there is 6.1 SF/Capita of existing storage with 1 facility in planning on the outskirts of the 3-mile radius. Safe Secure Dry has benefitted from being partially remotely managed as the current owners only man the facility for a few hours weekly. A new owner can remotely manage this asset and keep costs low high while maintaining high occupancy and market rates. The 3-mile market boasts a trailing 18 month average of $18.23 for 10x10 drive-up units, driving high net income. This facility has no competition within 1 mile and is surrounded by nearly 3,800 homes within that 1-mile radius. The demand from the surrounding market makes Safe Secure Dry a perfect addition to any portfolio.

Investment Highlights

  • 13,280 NRSF of Drive-Up Storage
  • Onsite Apartment Rental Above Management Office
  • 6.1 SF/Capita of Existing Storage Within 3-Miles
  • Median Household Income of $79,555
  • $18.23 Market Average of Annual 10x10 Rent In Trailing 18 Months

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Self-Storage Facility

Safe Secure Dry Self Storage

Listing Price: $2,400,000

Cap Rate
6.85%
Number of Units
98
Occupancy
90.7%
Gross SF
14,500
Rentable SF
14,500
Price/Rentable SF
$165.52
Year Built
2000

Investment Highlights

  • 13,280 NRSF of Drive-Up Storage
  • Onsite Apartment Rental Above Management Office
  • 6.1 SF/Capita of Existing Storage Within 3-Miles
  • Median Household Income of $79,555
  • $18.23 Market Average of Annual 10x10 Rent In Trailing 18 Months

Investment Overview

OFFERS DUE JUNE 1, 2023 Marcus & Millichap is pleased to exclusively offer for sale Safe Secure Dry in Blackwood, NJ. This facility, which consists of 13,280 NRSF of Storage and an onsite apartment, resides within a heavily populated 3-mile market of roughly 86,000 people. Within that 3-miles, there is 6.1 SF/Capita of existing storage with 1 facility in planning on the outskirts of the 3-mile radius. Safe Secure Dry has benefitted from being partially remotely managed as the current owners only man the facility for a few hours weekly. A new owner can remotely manage this asset and keep costs low high while maintaining high occupancy and market rates. The 3-mile market boasts a trailing 18 month average of $18.23 for 10x10 drive-up units, driving high net income. This facility has no competition within 1 mile and is surrounded by nearly 3,800 homes within that 1-mile radius. The demand from the surrounding market makes Safe Secure Dry a perfect addition to any portfolio.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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