Four-Site Self-Storage
280 Clove Rd Montague, NJ 07827
280 Clove Rd, Montague, NJ, 07827
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For Sale
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Four-site portfolio with 624 units, including 394 climate-controlled units and 34 parking spaces.
Property Size62,978 SF
Price / SF$150.85
Days on Market77
Property Features for 280 Clove Rd
General Information
- Standard status
- Active
- Size
- 62,978 SF
- Property subtype
- Self Storage
Listing agency
Matthews
Listed by
Rob Cook · License #IL 475.171700
Source
Crexi
Added: May 6 Updated: Jul 20 at 5:37PM Checked: Jul 21 at 4:33AM
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 Matthews
Investment Insights
Based on property information with market context.
Fort Knox Self-Storage offers a four-site tri-state self-storage portfolio with approximately 62,978 NRSF across 624 units. The mix includes 394 climate-controlled units and 196 non-climate-controlled units, along with 34 parking spaces. The portfolio is currently operating at approximately 90% physical occupancy and generates $527,035 in current NOI. Stabilized NOI is projected at $773,098, reflecting an 8.10% stabilized cap rate.
The sites are clustered within about a 1-mile radius spanning Port Jervis, NY, Matamoras, PA, and Montague, NJ. Rental rates average about $18 per NRSF annually across the properties. Expansion potential is available on 3 of the 4 sites, supporting both near-term and long-term opportunities within the portfolio.
The sites are clustered within about a 1-mile radius spanning Port Jervis, NY, Matamoras, PA, and Montague, NJ. Rental rates average about $18 per NRSF annually across the properties. Expansion potential is available on 3 of the 4 sites, supporting both near-term and long-term opportunities within the portfolio.
Key Highlights
- 4‑site self‑storage portfolio clustered across Port Jervis, NY; Matamoras, PA; and Montague, NJ
- 624 total units with 394 climate‑controlled units, 196 non‑climate‑controlled units, and 34 parking spaces
- Approximately 62,978 NRSF with 90% physical occupancy; generates $527,035 current NOI
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.07M | $17.04 |
| − Vacancy | −$63.3k | −$1.01 |
| EGI | $1.01M | $16.03 |
| − OpEx | −$151.5k | −$2.41 |
| NOI | $858.4k | $13.63 |
62,978 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$12.26M
$10.73M – $14.31M
NOI $858,355 @ 7.0% cap · market cap 9.04%
Second Best
Self Storage
$7.69M
$6.73M – $8.97M
NOI $538,273 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$16.44M
$14.39M – $19.19M
NOI $1,151,137 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fort Knox: Self ...
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Four-site portfolio with 624 units, including 394 climate-controlled units and 34 parking spaces.
Where is this self storage facility located?
The property is located at 280 Clove Rd Montague, NJ.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 4‑site self‑storage portfolio clustered across Port Jervis, NY; Matamoras, PA; and Montague, NJ; 624 total units with 394 climate‑controlled units, 196 non‑climate‑controlled units, and 34 parking spaces; Approximately 62,978 NRSF with 90% physical occupancy; generates $527,035 current NOI
