Special Purpose Facility

Lackland Self Storage

2425 Tonnelle Ave North Bergen, New Jersey United States 07047-1503
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Building Area Net
Land Area Net ()
Number of units 1469
Occupancy 93.0 %

Property 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
Last Updated Date: 05 Apr 2022

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Last Updated Date: 05 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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