Property Description
Hicksville Mini Storage is a 327-unit self-storage facility located at 397 Duffy Avenue in Hicksville, NY.
The subject facility is positioned on a total of 1.92 acres of land and consists of approximately 49,866 Net Rentable Square Feet, spanning 277 Non-Climate-Control Self Storage Units and 50 Parking Spaces. There is a total of 31,020 NRSF of Self-Storage and 18,846 NRSF of Parking. The storage component is comprised of three buildings containing 21,300 NRSF of storage and 9,720 NRSF of storage & shipping containers, and the parking component is comprised of 18,846 NRSF. The facility offers 24-hour gated access.
The facility currently increased rental rates to compare with the current market. The facility lacks an online booking option, has minimal advertising spend, and is independently managed, providing substantial upside through upgrading the facility.
*There is also future redevelopment potential as the property is located within the LI (Light Industrial) Zoning which permits self-storage use. Zoning regulations allow for a maximum of 50% lot coverage and a 3-story maximum height on a new development, allowing for the potential development of a new self-storage facility.
The property is well-located in Hicksville, Long Island (Nassau County) in a densely populated residential area, and with excellent visibility at the base of the exit from the Wantagh State Parkway, providing convenient access to the facility.
Hicksville Mini Storage is being offered for sale with Seller Financing.
Please refer to our Proforma Assumptions for financing terms.
Property Details
Property Name:
Hicksville Mini Storage
Address:
397 Duffy Avenue, Hicksville, NY 11801, USA
County:
Nassau
Acreage:
1.92
Gross SF:
Rentable SF:
49,866
Total Units:
327
Buildings:
3
Year Built:
1992
Investment Highlights
Independently Managed Self-Storage Facility with Upside Potential
49,866 Net Rentable SF
277 Self-Storage Units (Non-CC) & 50 Parking Spots
1.92 Acres of Land – Expansion Potential
Dense Residential Location – Population: 390,000 within 5 Miles | 150,000 within 3 Miles
Excellent Visibility, Directly Off The Wantagh State Pkwy
Seller-Financing Provided
Contact Broker:
Linda Cinelli, CCIM
908-303-8661