Jefferson Valley Self Storage_Property for Sale
Jefferson Valley Self Storage_Property for Sale
621 Bank Road, Jefferson Valley, NY, 10535, US

Jefferson Valley Self Storage

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire 621 Bank Road (the “Property”), a state-of-the-art, recently delivered self storage facility in Jefferson Valley, NY. The Property, consisting of 55,311 square feet across 405 units, was completed in July of 2022 and is operated by CubeSmart Self Storage. At approximately 52% physical occupancy, potential investors can continue to lease up the Property and realize significant cash flow growth in the near-term. The asset is located within a highly affluent residential trade area with high barriers to entry and zero competing storage facilities within a 3-mile radius, providing an ideal lease-up environment that will grant significant pricing power as the facility stabilizes.

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Attributes

Year built
2022
Building area net
5,139 m²
Number of units
405
Occupancy
52.3%

Media

Investment Highlights

  • Recently Delivered, Class A Construction
  • Resilient, Strong Rental Rates
  • High Performing Self Storage Trade Area with Limited Competing Supply
  • Affluent Surrounding Demographics
  • High Barrier to Entry Market
Jefferson Valley Self Storage 4_Property for Sale
Jefferson Valley Self Storage 4_Property for Sale

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Last updated
20 Sep 2024