investment highlights
- STRONG STORAGE FUNDAMENTALS // The property is currently operating at 94 percent occupancy bolstered by five square foot per capital and high occupancy across the trade area.
- STRONG DEMOS // Dense urban infill three-mile trade area with over 271,160 people, 97,726 households and average incomes exceeding $105,000 per year.
- TOP MSA // Prime opportunity to acquire an investment grade infill self storage facility in the nation’s largest MSA (New York/Newark).
- FAVORABLE LAYOUT & DESIGN // The developers put an emphasis on accessibility with three large loading bays in the front of the property as well as two ramps in the rear. The facility is a premium metal build out in the interior and is 100 percent climate controlled.
- EXCELLENT LOCATION // The facility is prominently located on a hard corner with car counts exceeding over 23K vehicles per day. Situated in a retail corridor, major demand drivers such as the Home Depot, CVS and Newark International Airport are all within close proximity.
property summary
Extra Space Storage is a 1,093-unit, 85,678 net rentable square foot self-storage facility located in Roselle, NJ. Converted in 2019, this two-story self-storage building sits on approximately 1.97 acres of land and is 100 percent climate-controlled. The facility has a brick masonry exterior with newer TPO roofs and a well-maintained asphalt parking surface.
Extra Space Storage has many amenities including digital keypad access at all entry ways, a large institutional style leasing office, 24/7 video surveillance throughout the facility, premium metal build out in the interior as well as two commercial elevators. The facility boasts excellent access with three large loading bays in the front of the property as well as two ramps in the rear accessible via secure automatic roll up doors.
The facility is situated on E 1st Avenue and Linden Road with over 23,000 passing vehicles per day combined. Major demand drivers in the immediate area include Home Depot, CVS and Shop Rite. The facility is less than seven miles from Newark Liberty International Airport and has three-mile average household incomes exceeding $105,000 a year.
