The Storage Vault (Bellport)

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire The Storage Vault – Bellport (the “Property”), a state-of-the-art, Class A self storage facility located on Long Island. The Property, consisting of 54,750 square feet in a three story building, has 749 total units (including 126 parking units) and is approximately 90% climate-controlled. The facility has its tenant base in place, so a new owner will benefit from implementing a more aggressive ECRI revenue management program to bring the in-place rental rates to market.

The Property benefits from high visibility being located along Horseblock Road, a busy thoroughfare in the area with over 14,000 VPD. The town of Bellport is very dense and affluent with over 40,000 people and an average household income over $137,000 in a 3-mile radius. In addition, there is a lack of storage supply with only 4.43 SF of storage per person in a 5-mile radius, which is well below the national average. This offering provides investors the opportunity to purchase a physically stabilized, Class A asset in a densely populated Long Island, NY market with strong revenue upside by increasing in place rents to drive value and generate outsized returns.