Property Description
LC Realty and Argus Self Storage Advisors proudly present an exceptional self-storage development opportunity for sale at 440 Berlin Cross Keys Road in Williamstown, NJ, situated in Gloucester County.
Encompassing approximately 2.28 acres of vacant land, this offering includes unappealable site plan approvals and construction drawings, positioning it as a turnkey solution for the development of a state-of-the-art, class-A multi-story self-storage facility. The envisioned three-story structure, spanning 64,624 gross square feet, will offer a total of 48,225 net rentable square feet across 480 units, delivering a premier storage solution to the market.
Anticipating the future needs of investors, the ownership is in the process of filing for a 5-year tax abatement. This strategic move aims to significantly reduce tax liabilities throughout the development and lease-up phases.
Benefiting from a prime location and convenient access, the property enjoys excellent visibility and frontage along Berlin Cross Keys Road, a prominent thoroughfare less than 1 mile from the Atlantic City Expressway. The surrounding market, with a population of approximately 144,000 within a 5-mile radius, presents a robust demand for self-storage, complemented by a per capita self-storage space of approximately 5.73 square feet.
To learn more about this unique investment opportunity, please contact LC Realty for additional information.
Request Offering Memorandum
Property Details
Property Name:
Monroe Self Storage
Address:
440 Berlin - Cross Keys Road, Williamstown, NJ 08094, USA
County:
Gloucester
Acreage:
2.27
Gross SF:
64,624
Rentable SF:
48,225
Total Units:
480
Buildings:
1
Year Built:
N/A
Investment Highlights
Fully Approved Self-Storage Development
Turnkey with Approvals & Construction Drawings
64,624 Gross SF Multi-Story Facility
48,225 Net Rentable SF | 480 Units
2.28 Acres of Development Land
Pursuing 5-Year Tax Abatement
Strong Market: 144K Population in 5 mi. | 5.7 SF of Self-Storage Per Capita
Prime Location: Visibility on Berlin Cross Keys Rd. between Atlantic City Expy. & Black Horse Pike
Contact Brokers:
Edan Cohen
646-630-8511