Keepers Self Storage (Portfolio)

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Deal Highlights

The Keepers Self Storage Portfolio is comprised of 4 self-storage properties located in New York and New Jersey. This is an opportunity to own a self-storage portfolio with a total of 261,105 net rentable square feet and 3,459 total units, situated on 14.

  • All properties located within the greater New York City Metropolitan Area, the largest urban agglomeration in North America with a gross metropolitan product of nearly $1.60 trillion.
  • Manhattan site has a 2020 population of 191,307 residents within a 1-mile radius.
  • Bergenfield was named as a top-two safe municipality in the nation in 2012, 2013, and 2014.
  • Nyack is the western terminus of the Tappan Zee Bridge which completed its $3.9 billion renovation at the end of 2018.
  • Opportunity to further increase rental rates at each location.
  • Significant revenue can be captured by improving admin fees, retail sales, late fees, and capturing greater tenant insurance penetration.
  • Each location is currently operating at 85% physical occupancy or greater.
  • Expansion potential at Manhattan, Bergenfield, and Staten Island locations.
  • Operational efficiencies can be implemented to reduce monthly overhead cost

Address

New York & New Jersey

Price

TBD by Market

Pro Forma NOI

$5,896,242

Net Rentable Square Feet
261,105 NRSF
Lot Size

14.55

Unit Count
3,459
Year Built
1968
Status

Under Contract

Location

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