Skip to main content

Self-Storage Facility

Ocean Heights Self Storage & Car Wash

205 Steelmanville Rd, Egg Harbor Township, NJ 08234

Listing Price: $3,500,000

Cap Rate
5.84%
Number of Units
103
Occupancy
19.2%
Gross SF
16,371
Rentable SF
11,950
Price/Rentable SF
$292.89
Year Built
1991

Investment Overview

Ocean Heights Self Storage & Car Wash opened for business in May of 2005. The property offers both interior and drive-up style self-storage units along with a 6-Bay self service car wash. It is in excellent condition and has been meticulously maintained by ownership since it's inception. The site features a rental office, gated entry, solar panels and paved drive aisles.

Ocean Heights Self Storage & Car Wash is located in Atlantic County on the border of Egg Harbor Township and Somers Point. Ocean Heights Ave, where the property is located, is one of the most highly traveled commuter roads in Atlantic County. The property also pulls tenants from the nearby towns of Linwood and Northfield, along with the shore communities of Ocean City, Longport, Margate, and Ventnor.

Ocean Heights Car Wash & Self Storage is an excellent option for any investor looking for a passive income opportunity in Atlantic County. It can also be utilized as a satellite location for a larger operation in Cape May or Atlantic Counties. The buyer will benefit from a high barrier to entry, strong rental rates, population, and income in a 5-mile radius. The facility uses Easy Storage Solutions for management software/website.

Investment Highlights

  • Median Household Income of $83,906 in 5-Mile Radius
  • Population of 72,198 in 5-Mile Radius
  • Avg. Annual Price Per Square Foot of $19.67 in 5-Mile Radius
  • Close Proximity to Affluent Shore Communities of Ocean City, Longport, and Margate
  • Located on Highly-Trafficked Corridor of Ocean Heights Ave and Steelmanville Road, just off the Garden State Parkway
  • 7.3 SF Per Capita of Storage in 5-Mile Radius

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Self-Storage Facility

Ocean Heights Self Storage & Car Wash

Listing Price: $3,500,000

Cap Rate
5.84%
Number of Units
103
Occupancy
19.2%
Gross SF
16,371
Rentable SF
11,950
Price/Rentable SF
$292.89
Year Built
1991

Investment Highlights

  • Median Household Income of $83,906 in 5-Mile Radius
  • Population of 72,198 in 5-Mile Radius
  • Avg. Annual Price Per Square Foot of $19.67 in 5-Mile Radius
  • Close Proximity to Affluent Shore Communities of Ocean City, Longport, and Margate
  • Located on Highly-Trafficked Corridor of Ocean Heights Ave and Steelmanville Road, just off the Garden State Parkway
  • 7.3 SF Per Capita of Storage in 5-Mile Radius

Investment Overview

Ocean Heights Self Storage & Car Wash opened for business in May of 2005. The property offers both interior and drive-up style self-storage units along with a 6-Bay self service car wash. It is in excellent condition and has been meticulously maintained by ownership since it's inception. The site features a rental office, gated entry, solar panels and paved drive aisles. Ocean Heights Self Storage & Car Wash is located in Atlantic County on the border of Egg Harbor Township and Somers Point. Ocean Heights Ave, where the property is located, is one of the most highly traveled commuter roads in Atlantic County. The property also pulls tenants from the nearby towns of Linwood and Northfield, along with the shore communities of Ocean City, Longport, Margate, and Ventnor. Ocean Heights Car Wash & Self Storage is an excellent option for any investor looking for a passive income opportunity in Atlantic County. It can also be utilized as a satellite location for a larger operation in Cape May or Atlantic Counties. The buyer will benefit from a high barrier to entry, strong rental rates, population, and income in a 5-mile radius. The facility uses Easy Storage Solutions for management software/website.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

MM Texture Background
MM Textured Background Lower