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Self-Storage Facility

Albany - Menands Self Storage

1 Broadway, Menands, NY 12204

Listing Price: $7,000,000

Cap Rate
5.53%
Number of Units
722
Occupancy
68.0%
Rentable SF
56,450
Price/Rentable SF
$124.00
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Albany - Menands Self Storage located at 1 Broadway in Albany, New York. The facility currently features 602 non-climate controlled units and will be adding 92 additional units to be completed by January 2024 that will make up a total of 56,450 net rentable square feet. The facility was opened in 2000 and is situated on 0.45 acres of land. The facility is currently 78 percent physically occupied (pre-expansion).

Investment Highlights

  • Five-Story Self Storage Facility Located in Albany, NY
  • 56,450 Net Rentable Square Feet | 722 Units
  • 92 Unit Expansion To Be Completed By Jan 2024
  • 78 Percent Physically Occupied (Pre-Expansion)

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Self-Storage Facility

Albany - Menands Self Storage

Listing Price: $7,000,000

Cap Rate
5.53%
Number of Units
722
Occupancy
68.0%
Rentable SF
56,450
Price/Rentable SF
$124.00
Year Built
2000

Investment Highlights

  • Five-Story Self Storage Facility Located in Albany, NY
  • 56,450 Net Rentable Square Feet | 722 Units
  • 92 Unit Expansion To Be Completed By Jan 2024
  • 78 Percent Physically Occupied (Pre-Expansion)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Albany - Menands Self Storage located at 1 Broadway in Albany, New York. The facility currently features 602 non-climate controlled units and will be adding 92 additional units to be completed by January 2024 that will make up a total of 56,450 net rentable square feet. The facility was opened in 2000 and is situated on 0.45 acres of land. The facility is currently 78 percent physically occupied (pre-expansion).

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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