Core+ Red Bank, New Jersey Self-Storage Opportunity
6 Central Avenue, Red Bank, NJ 07701
The Property totals 58,789 rentable square feet across 552 units and is primarily composed of climate-controlled storage, complemented by a limited number of drive-up non-climate units. Built in 2019, the property is located within a residential neighborhood just off Maple Avenue, a primary Red Bank corridor that sees approximately 36,000 vehicles per day. The site’s location benefits from proximity to Maple Avenue, Main Street, and Downtown Red Bank, which is located just blocks away and functions as a regional center for retail, dining, transit, and employment.
The surrounding trade area is undergoing significant long-term economic transformation, driven by multiple large-scale redevelopment initiatives. Most notably, Netflix Studios Fort Monmouth is advancing as a nearly $1 billion redevelopment of a former 292-acre military base located approximately two miles from the Property. Upon completion, the project is expected to introduce thousands of permanent and production-related jobs, increasing employment density and supporting incremental housing demand across the surrounding communities. In addition, the Monmouth Square redevelopment is transforming the former Monmouth Mall site in Eatontown into a mixed-use town center. At full build-out, the project is planned to include approximately 1,000 residential units and nearly one million square feet of retail, dining, and medical space, with residential leasing expected to commence in phases beginning in late 2026.
The offering provides the opportunity to acquire a well-located self-storage asset in a dense coastal New Jersey market characterized by limited available land, minimal new supply, and sustained residential and employment growth. The Property’s proximity to Downtown Red Bank, residential integration, and regional accessibility position the asset within a high-barrier trade area.