Overview
Cushman & Wakefield’s Self Storage Advisory Group is pleased to present, on an exclusive basis, the opportunity to acquire five Class A, core self-storage properties.
This institutional-quality, geographically diverse portfolio is strategically located in the Top 20 MSAs of New York, Miami, Seattle & Denver. The portfolio totals 452,647 rentable square feet across five best-in-class facilities, all completed between 2017 and 2019. Owner will consider individual assets or all 5 as a portfolio offering maximum flexibility. Each property is positioned in core trade areas with exceptional visibility and access along major arterials, ensuring strong customer acquisition and long-term performance. The average three mile population across the portfolio is 190,000 people with high household incomes exceeding $130,000. The portfolio currently averages 88% physical occupancy and offers considerable upside through increased occupancy and rental rate growth. The portfolio’s T-3 net rent per occupied square foot is $21.75, with market rent averaging $26.25, providing meaningful upside through continued lease-up and customer rate increases.
Location Highlights:
- Jersey City, NJ (NYC MSA) – Situated on Tonnelle Avenue, a high-traffic corridor with direct connectivity to Manhattan and Hoboken.
- North Miami, FL (Miami MSA) – Positioned along NE 125th Street, a dense retail corridor near I-95 with strong household incomes.
- Seattle, WA (Seattle MSA) – Located on South 129th Street with immediate access to SR-99 and close-in urban neighborhoods.
- Denver & Lakewood, CO (Denver MSA) – Washington Street and West Colfax Avenue provide high visibility and strong retail synergy along major commuter routes.
These assets combine premium demographics, above-average household incomes, and institutional-quality construction, making them among the most competitive and resilient self-storage investments nationwide. The portfolio offers considerable in-place cash flow with significant rent growth potential, achievable through continued physical stabilization and customer rate increases to eliminate loss-to-lease.
Investment Highlights
- Top 20 MSA Exposure – Five Class A assets located in ultra-core trade areas within New York City, Miami, Seattle, and Denver MSAs.
- Institutional-Quality Product – Modern facilities built between 2017–2019 with premium design and amenities.
- Core Locations – High-visibility sites along major arterials with retail synergy and dense demographics.
- High Barrier to Entry Markets – Limited new supply in each trade area with difficult zoning and entitlement.
- Excellent Demographics – High density population (average 190,000 within 3 miles) with high household incomes ($125,000+ within 3 miles).
- In-Place Cash Flow with Upside – Stabilized assets with current occupancy averaging 88% provides immediate income and significant rent growth potential.
- Flexible Acquisition Structure – Opportunity to acquire individually or as a portfolio for scale in supply-constrained markets.
- In-Place Management – William Warren Group is willing to discuss continued management to save re-branding CAPEX costs and provide continued management expertise.
Photo Gallery
Cushman and Wakefield Self-Storage Advisory Group
