investment highlights
- LEASE-UP MOMENTUM // Facility has leased up to 48.96 percent in the first 13 months since opening, averaging 3.77 percent occupancy gained per month. (Based on March 31, 2023 Financials)
- RARE OPPORTUNITY // Next investor has the opportunity to enter the undersupplied and growing market of Hazlet, New Jersey- a township within the NYC MSA, while taking advantage of the facility’s ahead of schedule lease-up and excellent location.
- PRIME RETAIL LOCATION // Facility is immediately adjacent to Home Depot and sees over 45,000 cars per day with frontage on Route 35. It is directly across from a Stop & Shop-anchored retail center also featuring Dunkin Donuts, Tip Top Nails, and PNC Bank. The property is also located across from CVS Pharmacy and in close proximity to Bethany Manor and Holmdel Pointe apartment complexes.
- GREAT DEMOGRAPHICS // The three-mile trade area has a population of 75,174 and a median household income of $101,841 in an attractive supply ratio of only 2.79 climate-controlled NRSF per capita and a total of 4.43 NRSF.
- STRONG FUNDAMENTALS // Devon Self Storage delivered this Class-A institutional quality storage facility in a low supply area of Hazlet, NJ. The Township is taking strategic action to promote economic development, both commercial and residential, throughout Hazlet which will further strengthen the trade area.
