Documents
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Attributes
Year Built | 2000 |
Building Area Net |
|
Land Area Net |
|
Number of units | 1469 |
Occupancy | 93.0 % |
Asset Description
LOCATION Lackland Self Storage is located at 2425 Tonnelle Ave, at the intersection of Routes 9 and 495
ACRES 3.896 Acres (169,719 SF)
TRAFFIC COUNT ±66,400 VPD (Tonnelle Ave);
±105,100 VPD (State Rte 3);
±103,900 VPD (State Rte 495)
UTILITIES Water - SUEZ, Electric - Direct Energy, Gas - PSE&G
CONSTRUCTION DETAIL The property consists of three three-story metal buildings
HVAC DETAIL 14 total Rheem RTU Units
APARTMENT N/A
OFFICE Approximately 250 SF built to CubeSmart’s Specifications
CLIMATE CONTROLLED The property is 78% climate controlled with 1,151 climate
controlled units
FEATURES AND AMENITIES Climate controlled units, 24 hour security, online payment
options, RV and general parking storage, and modern
construction
PERSONNEL Full-time General Manager - 40 Hours
Part-time Store Manager - 36 Hours
Full-time Store Manager - 40 Hours
Full-time Maintenance - 40 Hours
MANAGEMENT The property is professionally managed by CubeSmart.
SOFTWARE Hive
SECURITY The facility is equipped with a 24-hour video surveillance
system with 41 cameras
OPERATION HOURS (ACCESS) Every Day: 6:00 am - 10:00 pm
OPERATION HOURS (OFFICE) Mon-Fri: 9:30 am - 6:00 pm; Sat: 9:00 am - 5:30 pm;
Sun: 10:00 am -2:00 pm
OFFERING PRICE: Unpriced
RENTABLE SQUARE FEET: 112,250 SF
EFFECTIVE RENTAL RATE: $28.51 PSF CC and $28.83 PSF NCC
NUMBER OF UNITS: 1,469
CURRENT OCCUPANCY: Economic – 78.4% | Physical – 93.0%
OFFER DEADLINE: April 8, 2022
Investment Highlights
- Excellent Demographics with Projected Growth
- Excellent Visibility to Over 265,200 VPD
- Abundance of New Residential Development
- Minimal Surrounding Competitive Supply
- New York-Newark-New Jersey MSA