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Self-Storage Facility

Albany - Menands Self Storage

1 Broad St, Albany, NY 12202

Listing Price: $5,250,000

Cap Rate
3.31%
Occupancy
50.9%
Rentable SF
54,179
Price/Rentable SF
$96.90
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Albany-Menands Self Storage located at 1 Broadway in Albany, New York. This property features 567 non-climate controlled units and five parking spaces totaling 44,829 net rentable square feet. The facility is also currently undergoing a 109-unit, 9,350 square foot expansion. Albany-Menands Self Storage is situated on 0.45 acres of land and is located about two miles north of downtown Albany.

Albany, located along the north end of the Hudson River, is the state capital of New York. The Albany metropolitan area is home to approximately 1.17 million individuals. About one-fifth of that population, precisely 212,228, live within a five-mile radius of Albany-Menands Self Storage.

Albany-Menands Self Storage is being offered for $5,250,000 or $96.90 per rentable square foot.

Investment Highlights

  • Rare Albany, New York Self Storage Offering
  • 54,179 Net Rentable Square Feet
  • Room for Another 35,000 Net Rentable Square Feet Expansion
  • Limited Competition: 3.30 Net Rentable Square Feet Per Capital within Five Miles
  • Five-Story, Non-Climate Controlled Facility

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Self-Storage Facility

Albany - Menands Self Storage

Listing Price: $5,250,000

Cap Rate
3.31%
Occupancy
50.9%
Rentable SF
54,179
Price/Rentable SF
$96.90
Year Built
2000

Investment Highlights

  • Rare Albany, New York Self Storage Offering
  • 54,179 Net Rentable Square Feet
  • Room for Another 35,000 Net Rentable Square Feet Expansion
  • Limited Competition: 3.30 Net Rentable Square Feet Per Capital within Five Miles
  • Five-Story, Non-Climate Controlled Facility

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Albany-Menands Self Storage located at 1 Broadway in Albany, New York. This property features 567 non-climate controlled units and five parking spaces totaling 44,829 net rentable square feet. The facility is also currently undergoing a 109-unit, 9,350 square foot expansion. Albany-Menands Self Storage is situated on 0.45 acres of land and is located about two miles north of downtown Albany.

Albany, located along the north end of the Hudson River, is the state capital of New York. The Albany metropolitan area is home to approximately 1.17 million individuals. About one-fifth of that population, precisely 212,228, live within a five-mile radius of Albany-Menands Self Storage.

Albany-Menands Self Storage is being offered for $5,250,000 or $96.90 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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