228 Willow Ave Long Branch, NJ 07740-6133

This exceptional Class A self-storage facility in Long Branch, NJ, offers a compelling investment opportunity. Built in 2003, the property comprises two, two-story buildings totaling 14,125 net rentable square feet on a 0.86-acre lot. Currently boasting a 90% occupancy rate, the facility presents significant upside potential for increased revenue through leasing the remaining 10% and strategic rate adjustments. The property benefits from recent upgrades including online rental capabilities, property enhancements, and the implementation of professional management software, all managed remotely for enhanced efficiency and cost savings. Located in a high-demand area with robust demographics – an average household income of $143,000 and a dense population of 57,000 within 3 miles and 113,000 within 5 miles – this facility enjoys a unique market position as the sole self-storage provider within a one-mile radius. The current NOI is $223,692, with a pro-forma NOI of $330,661 and a pro-forma cap rate of 8.82%. The asking price is $3,750,000, representing a price per square foot of $265.49. The property is stabilized and offers a strong current cap rate of 5.97%. The anticipated occupancy date is May 29, 2024. This is a rare opportunity to acquire a well-positioned, high-performing self-storage asset with substantial growth potential.