Climate-Controlled Storage
For Sale
$12,300,000
125 Buck Rd, Glassboro, NJ 08028
Newly opened storage facility offering climate-controlled and non-climate units, now leasing in Glassboro, NJ.
Property Size76,975 SF
Price / SF$159.79
Days on Market50
Property Features for 125 Buck Rd
General Information
Standard status
Active
Size
76,975 SF
Property subtype
Self-Storage Facility
Occupancy
22%
Additional Details
Business Included
Yes
Amenities
Philadelphia MSA Self-Storage Offering in Southern New Jersey
Newly Built, Class-A Facility that Opened in Mid-October 2025
Single-Story, 76,975 Net Rentable Square-Foot Facility with Majority Climate-Controlled Units
454 Climate-Controlled Units, 205 Non-Climate Controlled Units, and 12 Indoor Lockers
Building Details
Building Size
76,975 SF
Year Built
2025
Units
671
Listing Agency:
Marcus & Millichap | New Jersey
(201) 742-6100
Listed By:
Jim McGuckin · License #License(s) NJ: 2082114
(201) 742-6100
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 16 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | New Jersey
Investment Insights
Based on property information with market context.
Storage Authority is a newly built storage facility that opened in October 2025 and is currently leasing. The property includes 454 climate-controlled units, 205 non-climate-controlled units, and 12 indoor lockers. With 76,975 net rentable square feet, the facility provides a mix of temperature-controlled storage and standard options for a range of household and business needs.
Located at 125 Buck Rd in Glassboro, New Jersey, the asset is positioned for customers seeking on-site storage without commuting to multiple locations. The property is leasing up now and is currently around 22 percent occupied, reflecting ongoing demand for available space as operations ramp up.
For buyers or operators, this is a purpose-built storage product with a defined unit mix that supports tenant choice between climate-controlled and non-climate spaces. The indoor locker component also adds flexibility for smaller storage requirements. As a recently opened facility, the property offers a current operating baseline with leasing underway, supported by the facility’s substantial total net rentable area and dedicated unit inventory.
Located at 125 Buck Rd in Glassboro, New Jersey, the asset is positioned for customers seeking on-site storage without commuting to multiple locations. The property is leasing up now and is currently around 22 percent occupied, reflecting ongoing demand for available space as operations ramp up.
For buyers or operators, this is a purpose-built storage product with a defined unit mix that supports tenant choice between climate-controlled and non-climate spaces. The indoor locker component also adds flexibility for smaller storage requirements. As a recently opened facility, the property offers a current operating baseline with leasing underway, supported by the facility’s substantial total net rentable area and dedicated unit inventory.
Key Highlights
- Newly built storage facility opened October 2025 and currently leasing in Glassboro, NJ
- 454 climate‑controlled storage units plus 205 non‑climate‑controlled units
- 12 indoor lockers included, totaling 76,975 net rentable SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,019,397
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,387,940
$20.4M
Cap Rate 7%
$14,562,814
$14.6M
Cap Rate 9%
$11,326,633
$11.3M
Market Conditions
NOI Build-Up for 76,975 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.32M $17.14/SF
− Vacancy
−$120.1K −$1.56/SF
EGI
$1.20M $15.58/SF
− OpEx
−$179.9K −$2.34/SF
NOI
$1.02M $13.24/SF
Area
Gloucester County, NJ
Vacancy
9.10%
Lease Rate
$17.14 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,387,940
Cap Rate 7%
$14,562,814
Cap Rate 9%
$11,326,633
Alternative Uses
Best Use
Warehouse
$14.56M
$12.74M – $16.99M
NOI $1,019,397 @ 7.0% cap · market cap 8.29%
Second Best
Self Storage
$11.66M
$10.20M – $13.60M
NOI $816,158 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$25.87M
$22.64M – $30.19M
NOI $1,811,206 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 08028, NJ
24,818
Population
9,006
Households
2.8
Avg Household Size
28
Median Age
40%
College-Educated
92%
High-School Grad
14.5 sq mi
ZIP Area
1,712
Density / Sq Mi
$81,993
Median Household Income
$33,160
Median Earnings
$1,554
Median Rent
$278,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Newly opened storage facility offering climate-controlled and non-climate units, now leasing in Glassboro, NJ.
Where is this self storage facility located?
The property is located at 125 Buck Rd Glassboro, NJ.
What is the asking price?
The asking price for this property is $12,300,000.
What are key features of this property?
This property features: Newly built storage facility opened October 2025 and currently leasing in Glassboro, NJ; 454 climate‑controlled storage units plus 205 non‑climate‑controlled units; 12 indoor lockers included, totaling 76,975 net rentable SF
