Investment Overview

Big Blue Self Storage is located on the east side of Utica, NY and the property was built in 2001. The property features 5 single story drive up self storage buildings, 1 climate controlled building, a rental office and a storage shed for supplies. Directly across the street, to the west of the main facility, is a satellite property with four additional self storage buildings that make up an additional 11,350 NRSF. The property was built in 2009 and features drive up self storage, interior units, a contractor space and outdoor parking. The two locations offer 47,325 NRSF of self storage, fully fenced, paved drive aisles, keypads and security cameras. Both locations are located just off of Route 5S the East West Arterial Highway and at the W Schuyler exit ramp. The property has excellent visibility from Route 5S, which supports 16,541 vehicles per day and 5,561 vehicles on the street directly in front of the facility on Dyke Rd. The surrounding 5-mile market features a population of 67,350 with less then 95,000 NRSF of self storage or 1.4 SF per capita. Currently, there aren't any new self storage development projects in planning and permitting in the market, per Radius +. The median household income is just over $70,000 with 47% of the market in housing rentals. Utica, NY is located at the foot of the Adirondack Mountains and is the 10th largest market in the state of NY. Utica adopted a master plan in 2010, to revitalize the community and encourage growth and diversity. Utica is home to many colleges and university's including Utica University. The city is located 50 miles east of Syracuse and 90 miles west of Albany, just off of Route 90, the primary corridor that connects Boston to Buffalo.