1980 Transit Way Brockport, NY 14420-3006

Property Details for 1980 Transit Way

Year built

1992

Lot size

4.46 lot acres

Property size

9,600 SF

Zone code

06 - INDUSTRIAL

Property type

Warehouses

APN

265289 084.01-1-1.116

APU

2652890840111116

Description

This exceptional investment opportunity presents a stabilized, three-property self-storage portfolio totaling 201,395 net rentable square feet, strategically located within the Rochester, NY metro area. The portfolio comprises 1,417 units across 32 buildings, situated on 18.14 acres of land. Buildings range in age from 1986 to 1999, with two stories each. The properties boast prime locations with significant daily vehicle traffic exceeding 15,000 vehicles per day, ensuring high visibility and accessibility. Currently operating with optimized management and institutional expense loads, this portfolio offers immediate upside potential. Significant near-term NOI growth is achievable through the implementation of tenant insurance, retail sales, and administrative fees. The Rochester market exhibits low self-storage supply (4-5 NRSF per capita) with limited future development, creating a favorable market dynamic. Existing properties maintain near top-of-market rates, allowing for conservative GPR growth of 10% within two years. Further expansion opportunities exist, including the conversion of over 57,000 NRSF to climate-controlled units at one location (adding over $275,000 in NOI), and the construction of a permitted two-story, 10,000 NRSF climate-controlled building at another (adding over $140,000 in NOI). This portfolio represents a compelling value-add investment in a strong, growing market. The properties are fee simple ownership. Addresses include 1980 Transit Way, Brockport, NY 14420

Location Insight

City

Brockport

County

Monroe

State

New York

Longitude

-77.9387

Latitude

43.1964

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments