For Sale
$11,700,000

20 Orange StPort Jervis, NY 12771

High-yield, 622-unit portfolio in NY, NJ, PA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional self-storage portfolio comprises three strategically located properties in New York, New Jersey, and Pennsylvania, totaling 62,837 square feet across 622 units. The properties boast a current occupancy rate of 77.83%, generating a current cap rate of 6.54% and a pro-forma cap rate of 8.17%. Situated on a combined 6.47 acres, these single-story facilities offer a mix of climate-controlled and non-climate-controlled units, catering to diverse renter needs. The portfolio's prime locations within robust markets ensure consistent cash flow and strong demand. The properties are well-maintained and present a compelling investment opportunity for those seeking both stability and growth potential in the self-storage sector. Detailed financial information, including unit mix and property specifics, is available upon request. This portfolio represents a significant opportunity to acquire a high-performing asset with a projected cap rate improvement over time, offering attractive yields and a strong return on investment. The asking price for this exceptional portfolio is $11,700,000. Specific addresses include: 20 Orange St, Port Jervis, NY 12771

Highlights

  • $11.7M Purchase Price
  • 62,837 Net Rentable Square Feet (NRSF)
  • 89.37% Physical Occupancy
  • 77.83% Economic Occupancy
  • 6.79% Current Cap Rate
  • 8.17% Year 1 Projected Cap Rate

Property Details for 20 Orange St

Property type
Self storage facilities
Square Feet
62,837 SF
Stories
1
Lot Size (sq. ft)
281,833 SF
Units
622

Location Insight

City
Port Jervis
County
Orange
State
New York
Latitude
41.378977356949
Longitude
-74.68805588849
20 Orange St, Port Jervis, New York

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20 Orange St
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