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1980 Transit WayBrockport, NY 14420

Three-property portfolio, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
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

Highlights

  • Three-property portfolio totaling 201,395 net rentable square feet (NRSF) available in Rochester, NY.
  • Rochester, NY is the nation's 51st largest market.
  • Properties boast optimized management with institutional-level expense ratios.
  • Immediate NOI increase of over $100,000 achievable through implementing tenant insurance, retail sales, and administrative fees.
  • Each property benefits from high-traffic thoroughfare frontage exceeding 15,000 vehicles per day (VPD).
  • Low supply of 4-5 NRSF per capita and minimal future development planned in the area.

Property Details for 1980 Transit Way

Property type
Self storage facilities
Year Built
1986
Buildings
32
Stories
2
Lot Size (sq. ft)
790,178 SF
Units
1417

Location Insight

City
Brockport
County
Monroe
State
New York
Latitude
43.1963921
Longitude
-77.9388996
1980 Transit Way, Brockport, New York

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1980 Transit Way
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