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Self-Storage Facility

Woodstown Mini Storage

231 E Lake Rd, Pilesgrove, NJ 08098

Listing Price: $2,500,000

Cap Rate
5.15%
Number of Units
188
Occupancy
100.0%
Gross SF
22,480
Rentable SF
21,525
Price/Rentable SF
$116.14
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to provide for sale Woodstown Mini Storage located in Pilesgrove, NJ. Constructed in 1985, Woodstown Mini Storage is the sole Self-Storage facility serving Pilesgrove Township as there is no competition within a 5 mile radius. This facility is positioned just off of US-40 and the location sees north of 14,800 cars daily. The asset consists of 188 drive-up units and 36 outdoor parking spaces. While there is no website or management system, the units are currently 100% occupied and the parking spaces are 91.7% occupied- speaking to the strong market position of the facility. Woodstown Mini Storage currently sits on 4.09 acres, leaving roughly 2 acres to expand in a market that is under-supplied to meet its storage needs. In fact, the 3 mile radius surrounding Woodstown Mini Storage is roughly 29,000 NRSF under-supplied, giving an investor the opportunity to expand and control the local market further. Packaged with the sale is 241 E Lake Rd, the neighbor to the facility. The parcel currently has a single family residence and is situated on an acre of land. The home is currently being rented which is reflected in the operating statement. This residence can be used for manager housing, a new office, further storage expansion, or remain in its current function

Investment Highlights

  • No Competition Within A 5 Mile Radius
  • On-Site Management Office
  • 100% Physically Occupied
  • Land For Expansion In Under-Supplied Market
  • Investment Property With 1 Acre Packaged With Sale

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Self-Storage Facility

Woodstown Mini Storage

Listing Price: $2,500,000

Cap Rate
5.15%
Number of Units
188
Occupancy
100.0%
Gross SF
22,480
Rentable SF
21,525
Price/Rentable SF
$116.14
Year Built
1985

Investment Highlights

  • No Competition Within A 5 Mile Radius
  • On-Site Management Office
  • 100% Physically Occupied
  • Land For Expansion In Under-Supplied Market
  • Investment Property With 1 Acre Packaged With Sale

Investment Overview

Marcus & Millichap is pleased to provide for sale Woodstown Mini Storage located in Pilesgrove, NJ. Constructed in 1985, Woodstown Mini Storage is the sole Self-Storage facility serving Pilesgrove Township as there is no competition within a 5 mile radius. This facility is positioned just off of US-40 and the location sees north of 14,800 cars daily. The asset consists of 188 drive-up units and 36 outdoor parking spaces. While there is no website or management system, the units are currently 100% occupied and the parking spaces are 91.7% occupied- speaking to the strong market position of the facility. Woodstown Mini Storage currently sits on 4.09 acres, leaving roughly 2 acres to expand in a market that is under-supplied to meet its storage needs. In fact, the 3 mile radius surrounding Woodstown Mini Storage is roughly 29,000 NRSF under-supplied, giving an investor the opportunity to expand and control the local market further. Packaged with the sale is 241 E Lake Rd, the neighbor to the facility. The parcel currently has a single family residence and is situated on an acre of land. The home is currently being rented which is reflected in the operating statement. This residence can be used for manager housing, a new office, further storage expansion, or remain in its current function

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

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