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1190 S 9 Wappingers Falls, NY 12590

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For Sale
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Value-add self-storage facility in Wappingers Falls, NY, 99% occupied.

Property size:
22,255 SF

Property Features for 1190 S 9

General Information

Size
22,255 SF

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Listing Contact
Hans Hardisty
Source: Nationalstoragepartners

Listing Agent: Hans Hardisty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Stabilized Self-Storage Facility on Route 9

Located in Wappingers Falls, New York, halfway between New York City and Albany, this stabilized self-storage facility offers a value-added opportunity. The property is situated on Route 9, a primary thoroughfare with a daily traffic count exceeding 31,000 vehicles. The surrounding area within a 3-mile radius has a population of over 35,000, with average household incomes of $117,000. The facility features 22,255 square feet of space, including 143 drive-up units, 6 indoor temperature-controlled units, and 17 outdoor parking rentals. Currently 99% occupied, the property presents several opportunities to increase value, such as tenant insurance sales, rental rate increases, conversion of the indoor office space to additional units, and software upgrades. Additional features include a manager's office, a new roof, and LED lighting. The seller is willing to lease back one large garage unit for $1,000 per month. The property is located in an area with strong market rents.
Location Intelligence

Current Use by Public Records

Self storage facilities

Map

City
Wappingers Falls
County
Dutchess
State
New York
Longitude
-73.8849
Latitude
41.596

FAQs

What type of property is this?
Self storage facility - Value-add self-storage facility in Wappingers Falls, NY, 99% occupied.
Where is this self storage facility located?
The property is located at 1190 S 9 Wappingers Falls, NY.
What are key features of this property?
This property features: - 99% Occupancy Rate: Demonstrates strong current demand and income stability.; - Value-Add Opportunities: Potential to increase revenue through rental rate increases, tenant insurance sales, and office conversion.; - Prime Location: Situated on Route 9 with high daily traffic and strong demographics.
More about this property
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