Historical Industrial Sale Listing - Lender Owned Self Storage - Jamaica Queens, Ny

Industrial For Sale

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Lender Owned Self Storage - Jamaica Queens, Ny

12220 Merrick Blvd., Jamaica, NY 11434

N/A

62,029 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
62,029 SF
Property Type:
Industrial
Property Sub-type:
Self/Mini-Storage Facility
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
0.75%
Cap Rate:
8.74%
Occupancy:
68%
No. Stories:
2
Tenancy:
Multiple
Year Built:
1962
Lot Size:
1.52 AC
Listing ID
16811454
Last Updated
over 1 year ago

Highlights

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

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.

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

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

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  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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