Ocean City Self Storage

Investment Summary

• Rare Opportunity to Acquire Self-Storage Facility Located in Ocean City, New Jersey

• Physical Occupancy at a Near-Full 89 Percent; Only Other Competitor in Ocean City Has Been Fully Occupied Since 2020

• Acquisition Guarantees the Ability to Raise Rental Rates on In-Place Tenants to the Market Average

• Additional Income Further Achieved Through the Implementation of a Tenant Insurance Sales Program

• Incredibly Low Storage Supply of 2.7 SF per Capita in a Three-Mile Radius

• No Developments Underway Within Five Miles of the Facility, Allowing for a Strong Market Presence

• Located in a Concentrated Retail and Residential Corridor of Ocean City for Ideal Visibility

• Median Household Income Surpasses the National Median at $80,433 in a Five-Mile Radius

• Ocean City is the Principal City of its Metropolitan Statistical Area, and a Component of the Philadelphia Combined Statistical Area

Net Rentable Square Feet
11,491 NRSF
Lot Size

0.14

Unit Count
181
Year Built
2004

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