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Property For Sale
21st Century Self Storage
198 units
$1,850,000
Kearny, NJ
21st Century Self Storage consists of a 15,384 NRSF self storage facility with an on-site management office. The building is a one-story brick building which has been partitioned inside into self storage units and is located on a city lot that is 117' x 230' or approximately .62 acre. The building was renovated in October 2005 into self storage. Unit occupancy has been steadily growing and as of September, unit occupancy reached 100% for the first time, square footage occupancy at 100% and financial occupancy was just over 100%. This is a rarity in self storage. Cap rate is at 9.65% - a GREAT deal in today's market at this occupancy rate.
Entrance into the facility is by a keycode access door, and customers can drive their vehicles inside to unload.
This property is located along Hickory Street in an R-2 zoned area. It is in a residential area with multiple apartments and a few single family residences. It enjoys visibility off of Hickory Street.
