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Public Storage (Managed) – Bronx, NY

New York-Newark-Jersey City, NY-NJ-PA
Self Storage
Public Storage (Managed) – Bronx, NY

Deal Highlights

  • Class A Self-Storage Facility Built in 2019
  • Ability to Raise Rental Rates to Attain Market Levels
  • Strong Lease-Up Velocity at 25% Economically in the Past 12 Months
  • On-Site Cellular Tower in Place for Additional Revenue
  • Opportunity to Lease Rooftop to Solar Panel Operator to Obtain Additional Income and Utility Savings
  • ICAP Property Tax Abatement in Place (24 Years Remaining)
  • Favorable Supply and Demographics Within a Three-Mile Radius
    • 1,320,000 People
    • 3.11 Net Rental Square Feet Per Capita

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