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Self-Storage Facility

Public Storage (Managed)

901 Middle Country Rd, Middle Island, NY 11953

Listing Price: $26,500,000

Cap Rate
2.45%
Number of Units
726
Occupancy
75.9%
Gross SF
74,061
Rentable SF
74,061
Price/Rentable SF
$357.81
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to offer for sale Middle Island Self Storage (Public Storage Managed) located in Long Island. This is a brand new, class A facility that features 619 climate-controlled units, 81 non-climate-controlled units, and an additional 26 non-climate-controlled units currently under construction, totaling 74,061 net rentable square feet. The facility has an on-site management office, keypad entry, and 24-hour video surveillance.

The location of this facility benefits from an extremely dense and affluent surrounding population. It is located off a busy street with many retail stores, restaurants, car dealerships, schools, and neighborhoods. This offers the facility great street frontage and high daily traffic counts of around 15,000 cars per day.

Middle Island Self Storage is being offered for $26,500,000 or $357.81 per rentable square foot.

Investment Highlights

  • Brand New, Class A Self Storage Facility Managed By Public Storage
  • Top of the Line Construction and Quality
  • 74,061 Net Rentable Square Feet / 726 Total Units
  • Extremely High Market Rents
  • Stabilized Facility: 91 Percent Physically Occupied

Exclusively Listed By

Self-Storage Facility

Public Storage (Managed)

Listing Price: $26,500,000

Cap Rate
2.45%
Number of Units
726
Occupancy
75.9%
Gross SF
74,061
Rentable SF
74,061
Price/Rentable SF
$357.81
Year Built
2019

Investment Highlights

  • Brand New, Class A Self Storage Facility Managed By Public Storage
  • Top of the Line Construction and Quality
  • 74,061 Net Rentable Square Feet / 726 Total Units
  • Extremely High Market Rents
  • Stabilized Facility: 91 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to offer for sale Middle Island Self Storage (Public Storage Managed) located in Long Island. This is a brand new, class A facility that features 619 climate-controlled units, 81 non-climate-controlled units, and an additional 26 non-climate-controlled units currently under construction, totaling 74,061 net rentable square feet. The facility has an on-site management office, keypad entry, and 24-hour video surveillance.

The location of this facility benefits from an extremely dense and affluent surrounding population. It is located off a busy street with many retail stores, restaurants, car dealerships, schools, and neighborhoods. This offers the facility great street frontage and high daily traffic counts of around 15,000 cars per day.

Middle Island Self Storage is being offered for $26,500,000 or $357.81 per rentable square foot.

Exclusively Listed By

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