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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Marcus & Millichap is pleased to offer for sale StorageBlue Self Storage located in Ridgefield, New Jersey. This property plans to feature 1,207 climate-controlled units totaling 73,191 net rentable square feet. This facility will benefit from a dense, affluent, and growing surrounding population. StorageBlue Self Storage will sit on 0.97 acres of land and will be located about 10 miles north of Newark, New Jersey.
See marketing package for demographics.
ESTIMATED CONSTRUCTION BUDGET
• List Price for Land & Site Plan Approvals: $3,500,000
• Estimated Construction Budget: $13,046,908 (based on seller estimates)
• Estimated Certificate of Occupancy Value: $16,750,000
PROPERTY OVERVIEW
• New York City MSA Self-Storage Opportunity
• Proposed 73,191 Net Rentable Square Feet
• 1,207 Climate-Controlled Units
• Development Site with Extremely High Population in Five-Mile Radius, in one of the Strongest Self Storage Markets in the Country
• Dense Area: 227,532 People Living Within a Three-Mile Radius and 1,394,414 Living Within Five-Miles
• Will Have Great Visibility Along Hendricks Causeway
• Affluent Area: Average Household Income of $123,228 of People Living Within a One-Mile Radius
