Self Storage Portfolio with
For Sale
$9,500,000
52-54 Jersey Ave, Port Jervis, NY 12771
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 Market96
Property Features for 52-54 Jersey Ave
General Information
Standard status
Active
Size
62,978 SF
Total Parking Spaces
34
Property subtype
Commercial
Occupancy
90%
Net Operating Income
$527,035
Additional Details
Business Included
Yes
Building Details
Building Size
62,978 SF
Units
624
Listed By:
Russell Handelman · License #475.215960 (IL)
(872) 260-5752
Source:
Matthews
Added: Jul 18
Changed: Oct 3
Last Checked: Oct 20 at 5:08PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$623,811
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,476,220
$12.5M
Cap Rate 7%
$8,911,586
$8.9M
Cap Rate 9%
$6,931,233
$6.9M
Market Conditions
NOI Build-Up for 62,978 SF
Gross rent
$884.2K $14.04/SF
− Vacancy
−$150.3K −$2.39/SF
EGI
$733.9K $11.65/SF
− OpEx
−$110.1K −$1.75/SF
NOI
$623.8K $9.91/SF
Area
Orange County, NY
Vacancy
17.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,476,220
Cap Rate 7%
$8,911,586
Cap Rate 9%
$6,931,233
Alternative Uses
Best Use
Warehouse
$8.91M
$7.80M – $10.40M
NOI $623,811 @ 7.0% cap · market cap 6.57%
Second Best
Self Storage
$8.69M
$7.60M – $10.14M
NOI $608,367 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$21.33M
$18.66M – $24.88M
NOI $1,493,093 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
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
