Property Description
LC Realty and Argus Self Storage Advisors are please to exclusively offer for sale Berkshire Rt. 15 Self Storage, a 115-unit self-storage facility with approved expansion plans located in Wharton, New Jersey.
The subject facility is positioned on a total of 3.28 acres of land and consists of approximately 13,990 net rentable SF of self-storage & 2,500 net rentable SF of parking, spanning 105 Climate-Control and Non-Climate-Control self-storage units and 10 Outdoor Parking Spaces. The facility is comprised of two self-storage buildings (single-story and 2-story) and one 2-story office building.
There are site-plan approvals, in place to convert and extend existing office building into self-storage, as well as approvals for 2 new self-storage buildings (one 1-story building and one 2-story building) totaling an additional 30,420 Gross SF of Development/Conversion.
Berkshire Rt. 15 Self Storage has been locally owned and operated for over 20 years. The facility is conveniently located on Berkshire Valley Rd. with direct access to Route 15 & Interstate 80.
Property Details
Property Name:
Berkshire Rt. 15 Self Storage
Address:
825 Berkshire Valley Road, Wharton, NJ, USA
County:
Morris
Acreage:
3.28
Gross SF:
21,407
Rentable SF:
16,490
Total Units:
114
Buildings:
3
Year Built:
2003
Investment Highlights
Independently Managed Self-Storage Facility with Approved Expansion Plans
2 Existing Self Storage Buildings and an Office Building
13,990 Rentable SF of Self-Storage | 2,500 SF of Parking
105 Self-Storage Units (Drive-Up & Climate Control) & 10 Parking Spaces
Stabilized Occupancy
Township Approved Expansion Plans for 30,400 Gross SF
3.28 Acres of Land
Strong Demographics – Population: 101,000 within 5 Miles | 5 SF Per Capita
Located on Berkshire Valley Rd. with direct access to Route 15 & Interstate 80