Lloyd Superblock
1380 NE Multnomah St, Portland, OR, 97232, US
197,327 sf
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.