This Industrial Property is Off-Market.

12220 Merrick Blvd.
Jamaica, NY 11434 ·

62,029 SF · Industrial For Sale

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Lender Owned Self Storage - Jamaica Queens, Ny

Price N/A Cap Rate 8.74%
Building Size 62,029 SF Occupancy 68%
Property Type Industrial No. Stories 2
Property Sub-type Self/Mini-Storage Facility Tenancy Multiple
Property Use Type Investment Year Built 1962
Distressed Yes Lot Size 1.52 AC
Commission Split 0.75%
Listing ID: 16811454 Date Created: 08/25/2010 Last Updated: 11/19/2010

Description

The facility includes 62,029 net rentable square feet consisting of 216 climate controlled units, 779 non climate controlled units, and 148 storage lockers. The facility also includes two cell tower leases, leases are available upon request. The facility was originally constructed in 1962 and converted to self storage in 2003.

The property is located in Jamaica, New York, a dense well-established community, roughly 30 minutes from Manhattan. The property has an exceptional street presence on Merrick Boulevard with roughly 400 feet of frontage.

Highlights

  • Exceptional location with strong demographics
  • Extremely high barriers to entry
  • Institutional Quality Real Estate
  • Significant Upside Potential

Research

12220 Merrick Blvd., Jamaica, NY 11434 (Queens County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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