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Self-Storage Facility

Lackawanna Self Storage

3380 South Park Ave, Blasdell, NY 14219

Listing Price: $6,875,000

Cap Rate
5.26%
Number of Units
373
Occupancy
94.0%
Rentable SF
40,100
Price/Rentable SF
$171.45
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Lackawanna Self Storage located in Blasdell, New York. The facility consists of 66 climate-controlled units and 307 non-climate-controlled units totaling 40,100 net rentable square feet. There are also 55 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 94 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense surrounding population of 140,518 within a five-mile radius of the facility. The facility is located just six miles away from University of Buffalo which is in downtown Buffalo, New York. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 12,900 cars per day off South Park Avenue. Lackawanna Self Storage is being offered for $6.86 million or $171.45 per rentable square foot.

Investment Highlights

  • New Construction Self-Storage Facility: Opened in 2019
  • 40,100 Net Rentable Square Feet
  • 66 Climate-Controlled Units
  • 307 Non-Climate-Controlled Units
  • 55 Parking Spaces

Exclusively Listed By

Financing By

Self-Storage Facility

Lackawanna Self Storage

Listing Price: $6,875,000

Cap Rate
5.26%
Number of Units
373
Occupancy
94.0%
Rentable SF
40,100
Price/Rentable SF
$171.45
Year Built
2019

Investment Highlights

  • New Construction Self-Storage Facility: Opened in 2019
  • 40,100 Net Rentable Square Feet
  • 66 Climate-Controlled Units
  • 307 Non-Climate-Controlled Units
  • 55 Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Lackawanna Self Storage located in Blasdell, New York. The facility consists of 66 climate-controlled units and 307 non-climate-controlled units totaling 40,100 net rentable square feet. There are also 55 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 94 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense surrounding population of 140,518 within a five-mile radius of the facility. The facility is located just six miles away from University of Buffalo which is in downtown Buffalo, New York. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 12,900 cars per day off South Park Avenue. Lackawanna Self Storage is being offered for $6.86 million or $171.45 per rentable square foot.

Exclusively Listed By

Financing By

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