Self-Storage Facility

Harbor Towne

1763 Baseline Rd, Grand Island, NY 14072

Listing Price: $3,500,000

Cap Rate
6.28%
Number of Units
210
Occupancy
69.7%
Gross SF
65,412
Rentable SF
65,412
Price/Rentable SF
$53.51
Year Built
1993

Investment Overview

Marcus & Millichap is pleased to offer for sale Harbor Towne Mini Storage and Offices located in Grand Island, New York. This property features 210 non-climate controlled units and 16 office spaces, totaling 65,412 net rentable square feet. The facility is currently 54.76 percent occupied and has 10,230 square feet of vacant office space. It is situated on 11.33 acres of land and there is also additional room for expansion.

The facility is located just about 10 miles north-west of Buffalo, New York and is in an affluent area, with the average household income being $108,834 within a three mile radius. Additionally, the property benefits from great visibility along Baseline Road and has a high daily traffic count of around 59,000 cars per day.

Harbor Towne Mini Storage and Offices is being offered for $3,600,000 or $55.04 per rentable square foot.

Investment Highlights

  • Great Visibility Along Baseline Road
  • High Daily Traffic Count: 59,000 Cars per Day
  • Buffalo, New York MSA Self Storage Offering
  • 65,412 Net Rentable Square Feet
  • 210 Non-Climate Controlled Units | 16 Office Spaces

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Listing Price: $3,500,000

Cap Rate
6.28%
Number of Units
210
Occupancy
69.7%
Gross SF
65,412
Rentable SF
65,412
Price/Rentable SF
$53.51
Year Built
1993

Investment Highlights

  • Great Visibility Along Baseline Road
  • High Daily Traffic Count: 59,000 Cars per Day
  • Buffalo, New York MSA Self Storage Offering
  • 65,412 Net Rentable Square Feet
  • 210 Non-Climate Controlled Units | 16 Office Spaces

Investment Overview

Marcus & Millichap is pleased to offer for sale Harbor Towne Mini Storage and Offices located in Grand Island, New York. This property features 210 non-climate controlled units and 16 office spaces, totaling 65,412 net rentable square feet. The facility is currently 54.76 percent occupied and has 10,230 square feet of vacant office space. It is situated on 11.33 acres of land and there is also additional room for expansion.

The facility is located just about 10 miles north-west of Buffalo, New York and is in an affluent area, with the average household income being $108,834 within a three mile radius. Additionally, the property benefits from great visibility along Baseline Road and has a high daily traffic count of around 59,000 cars per day.

Harbor Towne Mini Storage and Offices is being offered for $3,600,000 or $55.04 per rentable square foot.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

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