Treasure Chest Storage
7870 NY-5, Clinton, New York 13323
Property InfoPrice: $1,875,000
Year Built: 2010/2012
Broker Contact Info
The Hatcher Coe Group of Marcus & Millichap is pleased to exclusively offer for sale Treasure Chest Storage located in Clinton, New York. The facility consists of 197 non-climate-controlled units totaling 23,400 net rentable square feet. The facility also features one rental house. The facility has upside through an expansion opportunity and through raising current rental rates. This is a stabilized cash flowing facility that is currently 99% physically occupied. The property has an on-site management office and 24-hour video surveillance.
The facility is located in Clinton, New York. The property is just under three miles from the Sangertown Square Mall, and six miles from Utica University and Hamilton College. They are located off a busy street and are surrounded by lots of residential neighborhoods. This offers the facility great street frontage and high daily traffic counts of around 13,800 cars per day off New York Route 5.
Treasure Chest Storage is being offered for $1,875,000 or $80.13 per rentable square foot.
In 2021, the population in your selected geography is 47,479. The population has changed by 0.1 percent since 2000. It is estimated that the population in your area will be 47,407 five years from now, which represents a change of -0.2 percent from the current year. The current population is 47.3 percent male and 52.7 percent female. The median age of the population in your area is 44.6, compared with the U.S. average, which is 38.4. The population density in your area is 603 people per square mile.
There are currently 19,773 households in your selected geography. The number of households has changed by 4.6 percent since 2000. It is estimated that the number of households in your area will be 19,932 five years from now, which represents a change of 0.8 percent from the current year. The average household size in your area is 2.2 people.
In 2021, the median household income for your selected geography is $63,575, compared with the U.S. average, which is currently $65,694. The median household income for your area has changed by 49.5 percent since 2000. It is estimated that the median household income in your area will be $66,718 five years from now, which represents a change of 4.9 percent from the current year.
The current year per capita income in your area is $37,180, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $87,601, compared with the U.S. average, which is $94,822.
In 2021, 20,242 people in your selected area were employed. The 2000 Census revealed that 71.3 percent of employees are in white-collar occupations in this geography, and 28.7 percent are in blue-collar occupations. In 2021, unemployment in this area was 4.0 percent. In 2000, the average time traveled to work was 14.9 minutes.
The median housing value in your area was $147,891 in 2021, compared with the U.S. median of $227,827. In 2000, there were 13,526 owner-occupied housing units and 5,380 renter-occupied housing units in your area. The median rent at the time was $435.
The selected area in 2021 had a higher level of educational attainment when compared with the U.S averages. 17.0 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.0 percent, and 20.5 percent completed a bachelor’s degree, compared with the national average of 19.5 percent.
The number of area residents with an associate degree was higher than the nation’s at 12.2 percent vs. 8.3 percent, respectively.
The area had fewer high-school graduates, 25.6 percent vs. 27.2 percent for the nation. The percentage of residents who completed some college is also lower than the average for the nation, at 17.9 percent in the selected area compared with the 20.5 percent in the U.S.
■ Upstate New York Self Storage Offering with Upside
■ 23,400 Net Rentable Square Feet
■ 197 Non-Climate Controlled Units
■ One Rental House
■ High Barrier to Entry Market
■ Below Market Rents
■ Room for Expansion
■ Stabilized Facility: 99% Physically Occupied
■ High Daily Traffic Counts: 13,800 Cars/Day off NY-5