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Self-Storage Facility

City Line Self Storage

580 N Perry St, Johnstown, NY 12095

Listing Price: $2,200,000

Cap Rate
6.67%
Number of Units
220
Occupancy
98.6%
Gross SF
21,600
Rentable SF
21,600
Price/Rentable SF
$101.85
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale City Line Self Storage located in Johnstown, New York. The facility consists of 220 non-climate controlled units totaling 21,600 net rentable square feet. The facility also features five parking spaces available for rent. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. There is room for expansion on the property for an additional 7,600 net rentable square feet of non-climate controlled units. The property is fenced with a gated, keypad entry and 24-hour video surveillance.

The facility is located off a busy street and surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 5,700 cars per day off North Perry Street.

City Line Self Storage is being offered for $2.2 million or $101.85 per rentable square foot.

Investment Highlights

  • New York State Fully Occupied Self-Storage Offering with Large Upside
  • 100 Percent Physical Occupancy | 98.59 Percent Economic Occupancy
  • Room for Expansion: Approvals in Place to Add 7,600 Net Rentable Square Feet
  • Immediate Opportunity to Raise Rents Given Occupancy

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311205789

    New York

Financing By

Self-Storage Facility

City Line Self Storage

Listing Price: $2,200,000

Cap Rate
6.67%
Number of Units
220
Occupancy
98.6%
Gross SF
21,600
Rentable SF
21,600
Price/Rentable SF
$101.85
Year Built
1989

Investment Highlights

  • New York State Fully Occupied Self-Storage Offering with Large Upside
  • 100 Percent Physical Occupancy | 98.59 Percent Economic Occupancy
  • Room for Expansion: Approvals in Place to Add 7,600 Net Rentable Square Feet
  • Immediate Opportunity to Raise Rents Given Occupancy

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale City Line Self Storage located in Johnstown, New York. The facility consists of 220 non-climate controlled units totaling 21,600 net rentable square feet. The facility also features five parking spaces available for rent. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. There is room for expansion on the property for an additional 7,600 net rentable square feet of non-climate controlled units. The property is fenced with a gated, keypad entry and 24-hour video surveillance.

The facility is located off a busy street and surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 5,700 cars per day off North Perry Street.

City Line Self Storage is being offered for $2.2 million or $101.85 per rentable square foot.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311205789

    New York

Financing By

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