Self-Storage Facility
Delilah Road Storage, Egg Harbor Twp, NJ
6415 Delilah Rd, Egg Harbor Township, NJ 08234
Listing Price: $4,200,000
Investment Overview
The Delilah Road Self Storage development project is located in Egg Harbor Twp, NJ at a roundabout where Delilah Rd., Atlantic 563 and Tilton Rd. converge. The roundabout is located just off of the Atlantic City Expressway, which is the primary artery that connects Philadelphia to Atlantic City.
The parcel is in an Opportunity Zone, and is eligible for a tax abatement once construction is completed. The tax basis starts at $12,000 and increases 20% annually. The abatement is guaranteed by the township, and needs to be applied for within a specific time period post obtaining certificate of occupancy.
Delilah Road Storage is in an "A" location within the market, and is positioned in a high traffic travel corrdior within the market. The 5-mile market serves a population of just over 100,000 people in the Egg Harbor Township portion of southern, NJ. The property is located just 9 miles from Atlantic City and 55-miles from Philadelphia. Additionally, the site is positioned across the entrance to the Atlantic City International Airport and less than a mile from D.R Horton's new Tides at Ocean Club development which is expected to deliver +/- 600 new homes to the market.
The developer has received entitled plans from the township and a permit would need to be applied for to begin construction. General Contractor estimates have been received from three companies, and will be shared as requested from interested parties.
Offers are currently being accepted, and there will be no call for offers date. Please submit all offers to Kevin Bledsoe at kevin.bledsoe@marcusmillichap.com.
Delilah Road Storage, Egg Harbor Twp, NJ
Investment Highlights
- Four-Story and 124,800 GSF Entitled Development
- 89,289 NRSF of Climate Controlled Storage
- 31,800 NRSF of Enclosed Boat & RV Parking
- The Property is Located in an Opportunity Zone & is Eligible for a Tax Abatement
- The Property is Located at a Roundabout with 50,000+ Vehicle Per Day in Front of the Property
- The Average Unit Size is 95 SF Across the 89,289 NRSF Property
- 31,800 NRSF of Climate Controlled and Covered Parking in addition to the 89,289 NRSF of Self Storage
Broker of Record
-
John Horowitz
Senior Managing Director / Market Leader
Financing By
Self-Storage Facility
Delilah Road Storage, Egg Harbor Twp, NJ
Listing Price: $4,200,000
Investment Highlights
- Four-Story and 124,800 GSF Entitled Development
- 89,289 NRSF of Climate Controlled Storage
- 31,800 NRSF of Enclosed Boat & RV Parking
- The Property is Located in an Opportunity Zone & is Eligible for a Tax Abatement
- The Property is Located at a Roundabout with 50,000+ Vehicle Per Day in Front of the Property
- The Average Unit Size is 95 SF Across the 89,289 NRSF Property
- 31,800 NRSF of Climate Controlled and Covered Parking in addition to the 89,289 NRSF of Self Storage
Investment Overview
The Delilah Road Self Storage development project is located in Egg Harbor Twp, NJ at a roundabout where Delilah Rd., Atlantic 563 and Tilton Rd. converge. The roundabout is located just off of the Atlantic City Expressway, which is the primary artery that connects Philadelphia to Atlantic City. The parcel is in an Opportunity Zone, and is eligible for a tax abatement once construction is completed. The tax basis starts at $12,000 and increases 20% annually. The abatement is guaranteed by the township, and needs to be applied for within a specific time period post obtaining certificate of occupancy. Delilah Road Storage is in an "A" location within the market, and is positioned in a high traffic travel corrdior within the market. The 5-mile market serves a population of just over 100,000 people in the Egg Harbor Township portion of southern, NJ. The property is located just 9 miles from Atlantic City and 55-miles from Philadelphia. Additionally, the site is positioned across the entrance to the Atlantic City International Airport and less than a mile from D.R Horton's new Tides at Ocean Club development which is expected to deliver +/- 600 new homes to the market. The developer has received entitled plans from the township and a permit would need to be applied for to begin construction. General Contractor estimates have been received from three companies, and will be shared as requested from interested parties. Offers are currently being accepted, and there will be no call for offers date. Please submit all offers to Kevin Bledsoe at kevin.bledsoe@marcusmillichap.com.
Broker of Record
-
John Horowitz
Senior Managing Director / Market Leader
Financing By
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