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1651 Sicklerville Rd - Economy Storage 25,705 SF Specialty Building Offered at $2,950,000 at a 7.97% Cap Rate in Sicklerville, NJ 08081
INVESTMENT HIGHLIGHTS
- 110 self storage units which are all 20% below market rent.
- Great value add opportunity.
- 14,000 sq ft flex warehouse / office.
EXECUTIVE SUMMARY
Unique opportunity to purchase storage facility and business comprised of 110 storage units and 14,000 sq ft office / warehouse which is fully rented. Storage units currently rented 20 % below market and present great value add opportunity. Property is 2.63 acres. Seller does not control billboard or cell tower on rear of property.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per SF | $114.76 | Lot Size | 2.63 AC |
| Sale Type | Investment | Building Size | 25,705 SF |
| Cap Rate | 7.97% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1984/2016 |
| Property Subtype | Self-Storage | Parking Ratio | 0.93/1,000 SF |
| Zoning | Retail - Property currently splits use as office / warehouse for party rental company and storage facility. | ||
| Price | $2,950,000 |
| Price Per SF | $114.76 |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.63 AC |
| Building Size | 25,705 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2016 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | Retail - Property currently splits use as office / warehouse for party rental company and storage facility. |
AMENITIES
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 15-18601-0000-00002 | Improvements Assessment | $729,300 |
| Land Assessment | $205,000 | Total Assessment | $934,300 |
PROPERTY TAXES
Parcel Number
15-18601-0000-00002
Land Assessment
$205,000
Improvements Assessment
$729,300
Total Assessment
$934,300
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1651 Sicklerville Rd - Economy Storage
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