4093 New Castle Ave, New Castle, DE

This Public Storage-managed facility is located at 4093 New Castle Ave, New Castle, Delaware. Originally a pallet warehouse, the 93,627-square-foot, single-story building was converted into a self-storage facility in June 2020. The asset has achieved 93.7% physical occupancy. The property is positioned adjacent to I-495, with an average daily traffic count of 89,797, and 2.2 miles from downtown Wilmington, DE. The facility spans approximately 4.81 acres and includes 70,395 rentable square feet across 752 storage units, including 50 open-air parking spaces. An additional 28 units are located on a mezzanine level above the management office, accessible via staircase. The facility is fully climate-controlled. Within a five-mile radius, the population stands at 181,819, with projected annual growth of 1.8%. The three-mile saturation rate is 5.04 square feet per capita, while the five-mile rate is 6.28 square feet per capita, comprising 2.51 square feet of climate-controlled storage and 3.77 square feet of non-climate storage. Amenities include a spacious management office, multiple covered loading areas with controlled access, motion-activated LED lighting throughout, 24-hour video surveillance, a TPO membrane roof, a full-perimeter security fence with an access-controlled gate, and exterior security lighting. This property is positioned in a high-demand, densely populated market.