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Self-Storage Facility

Public Storage (Managed)

1051 Edward St, Linden, NJ 07036

Listing Price: $23,500,000

Cap Rate
2.99%
Number of Units
819
Occupancy
81.4%
Gross SF
83,214
Rentable SF
83,214
Price/Rentable SF
$282.40
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to offer for sale Linden Self Storage (Public Storage Managed) located in North New Jersey. This class A facility features 802 climate-controlled units and 17 non-climate-controlled units, totaling 83,214 net rentable square feet. They also offer 14 parking spaces for rent. 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. There are currently 403,772 people living within a five-mile radius of the facility. It is located off a busy street with many retail stores, restaurants, grocery stores, offices, and neighborhoods. The Linden Airport is also less than two miles away. This offers the facility great street frontage and high daily traffic counts of around 60,500 cars per day.

Linden Self Storage is being offered for $23,500,000 or $282.40 per rentable square foot.

Investment Highlights

  • Class A Self Storage Facility Managed by Public Storage
  • Top of the Line Quality and Construction
  • 83,214 Net Rentable Square Feet | 819 Total Units
  • Extremely High Market Rents
  • Stabilized Facility: 87 Percent Physically Occupied

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Self-Storage Facility

Public Storage (Managed)

Listing Price: $23,500,000

Cap Rate
2.99%
Number of Units
819
Occupancy
81.4%
Gross SF
83,214
Rentable SF
83,214
Price/Rentable SF
$282.40
Year Built
1968

Investment Highlights

  • Class A Self Storage Facility Managed by Public Storage
  • Top of the Line Quality and Construction
  • 83,214 Net Rentable Square Feet | 819 Total Units
  • Extremely High Market Rents
  • Stabilized Facility: 87 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to offer for sale Linden Self Storage (Public Storage Managed) located in North New Jersey. This class A facility features 802 climate-controlled units and 17 non-climate-controlled units, totaling 83,214 net rentable square feet. They also offer 14 parking spaces for rent. 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. There are currently 403,772 people living within a five-mile radius of the facility. It is located off a busy street with many retail stores, restaurants, grocery stores, offices, and neighborhoods. The Linden Airport is also less than two miles away. This offers the facility great street frontage and high daily traffic counts of around 60,500 cars per day.

Linden Self Storage is being offered for $23,500,000 or $282.40 per rentable square foot.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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