The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale New Rochelle Self Storage (Extra Space managed). This offering presents a rare opportunity to acquire a best-in-class, institutional-quality self-storage facility in the highly sought-after Westchester County submarket within the New York City MSA.

The facility comprises 101,822 RSF of climate-controlled self-storage across 1,181 units and 8,210 RSF of lockers across 271 units, totaling 110,032 RSF across 1,452 units. The store is built into a gradient, creating two ground-floor levels, each with direct grade-level access — allowing units on both levels to command premium first-floor pricing. The facility is currently being expanded to include 9 outdoor 10×20 units, bringing total inventory to 111,832 RSF across 1,461 units upon completion. Beyond self-storage, the property generates ancillary income through a long-term solar lease at $125,000 annually and an adjacent residential home at $5,000 per month, and benefits from a 10-year PILOT effective since 2021, and is located within a federally designated Qualified Opportunity Zone — offering eligible buyers the potential for significant capital gains tax advantages.

The property also carries approximately 21,000 GSF (~18,000 RSF) of unused by-right FAR, with a multi-story expansion contemplated on the site of the adjacent single-family home at 32 Birch Street, exact scope to be determined through final site design.

The store opened in Q4 2023 and is currently 85.3% occupied on its climate-controlled self-storage inventory, with the asset in late-stage lease-up. From May 2025 to May 2026, in-place rents grew 37.9% from $18.89 to $27.06 per occupied SF. Comparable market rents are in the $40 range, representing significant loss-to-lease for an incoming buyer to capture through continued ECRIs and revenue management. The property’s 8,210 RSF of lockers across 271 units is in active lease-up, having grown SF occupancy from 21.1% to 52.8% over the same period.

The property is located in New Rochelle, New York, within the New York–Newark–Jersey City MSA, the largest metropolitan area in the United States. Positioned 20 miles north of Manhattan, minutes from the Bronx, with prominent visibility at the Boston Post Road/Kings Highway intersection (~23,000 VPD) and from I-95 (~122,000 VPD), the facility serves a broad and affluent demand base — approximately 58% of tenants reside within a 3-mile radius, with the balance drawn from Manhattan, the Bronx, and surrounding Westchester communities including Larchmont, Mamaroneck, and Bronxville. Located at 2 Birch Street near Downtown New Rochelle, the property is situated within a dense, supply-constrained market characterized by high barriers to entry, limited developable land, and strong demand drivers stemming from population growth, elevated housing costs, and a growing renter base, with no institutional-quality climate-controlled supply under construction or planned within the 3-mile radius.