Investment Overview

The Newtown, CT self storage development is an approved 72,400 GSF entitled project with construction estimates from Claris Design-Build of $6,095,770. The facility has been designed as an over/under design with 96% +/- NRSF as climate control storage or 54,800 +/- SF. The remaining 2,400 +/- NRSF will be drive up storage on the perimeter of each level. Newtown, CT is located in Fairfield County, which is the southwestern part of the state. The property is located approximately 60 miles northeast of New York City and is comprised of the Borough, Sandy Hook, Hawleyville, Botsford and Dodgingtown “neighborhoods”. Interstate 84 runs directly behind the proposed development, which is a primary artery that traverses the state of Connecticut. The proposed development will be visible from Interstate 84, which has a traffic count of approximately 79,500 vehicles per day. When exiting Interstate 84 visitors will enter the property from Route 6, which features 15,300 vehicles per day. Once on Route 6 renters coming from Interstate 84 will travel 600 feet and turn left onto Commerce Rd. where the proposed development resides. In a 5-mile radius, there are approximately 13,704 households with home ownership of 87% and 13% renters. The 5-mile radius is supported by a population of 37,260 and a median household income of $139,046. In a 5-mile radius the average 10 x 10 climate controlled unit rents for $28.74 per SF annually and in a 7-mile radius it jumps to $33.03 per SF annually for climate controlled units per Radius + as of May 2024.