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.