Self Storage Portfolio with
52-54 Jersey Ave Port Jervis, NY 12771
New
52-54 Jersey Ave, Port Jervis, NY, 12771
$9,500,000
For Sale
$9,500,000
Tri-state self-storage cluster totaling approximately 162,978 NRSF across 624 units, including 394 climate-controlled units.
Property Size62,978 SF
Price / SF$150.85
Days on Market4
Property Features for 52-54 Jersey Ave
General Information
- Standard status
- Active
- Size
- 62,978 SF
- Property subtype
- Commercial
Listing agency
(872) 260-5752
Listed by
Russell Handelman · License #475.215960 (IL)
(872) 260-5752
Source
Matthews
Added: Jul 18 Updated: Jul 21 at 5:32AM Checked: Jul 21 at 5:32AM
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 Russell Handelman
Investment Insights
Based on property information with market context.
Fort Knox Self Storage is a four-site self-storage cluster spanning Port Jervis, NY; Matamoras, PA; and Montague, NJ within a ±5-mile radius. The portfolio totals approximately 162,978 NRSF across 624 units, with 394 climate-controlled units and 196 non-climate-controlled units. The properties also include 34 parking spaces.
The current operating statistics are presented as a current NOI of $527,035 and a stabilized NOI of $773,098. The average yearly rental rate across the portfolio is noted as $18 per NRSF.
The offering indicates expansion potential on three of the four sites, and reports a 90% physical occupancy. The remarks further note that rents are below-market, creating an immediate value-add opportunity, and provide supply-per-capita figures for the 3- and 5-mile radii.
The current operating statistics are presented as a current NOI of $527,035 and a stabilized NOI of $773,098. The average yearly rental rate across the portfolio is noted as $18 per NRSF.
The offering indicates expansion potential on three of the four sites, and reports a 90% physical occupancy. The remarks further note that rents are below-market, creating an immediate value-add opportunity, and provide supply-per-capita figures for the 3- and 5-mile radii.
Key Highlights
- Fort Knox Self Storage tri‑state cluster totaling approx. 162,978 NRSF across 624 units within a 1‑mile radius across Port Jervis, NY; Matamoras, PA; and Montague, NJ
- Portfolio unit mix includes 394 climate‑controlled units and 196 non‑climate‑controlled units
- Current NOI is $527,035 and stabilized NOI is $773,098
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 | $808.6k | $12.84 |
| − Vacancy | −$55.0k | −$0.87 |
| EGI | $753.7k | $11.97 |
| − OpEx | −$113.0k | −$1.80 |
| NOI | $640.6k | $10.17 |
62,978 SF · lease $12.84/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$9.15M
$8.01M – $10.68M
NOI $640,603 @ 7.0% cap · market cap 6.74%
Second Best
Self Storage
$8.34M
$7.30M – $9.73M
NOI $584,033 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$17.27M
$15.11M – $20.15M
NOI $1,209,178 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Tri-state self-storage cluster totaling approximately 162,978 NRSF across 624 units, including 394 climate-controlled units.
Where is this self storage facility located?
The property is located at 52-54 Jersey Ave Port Jervis, NY.
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: Fort Knox Self Storage tri‑state cluster totaling approx. 162,978 NRSF across 624 units within a 1‑mile radius across Port Jervis, NY; Matamoras, PA; and Montague, NJ; Portfolio unit mix includes 394 climate‑controlled units and 196 non‑climate‑controlled units; Current NOI is $527,035 and stabilized NOI is $773,098
