This sale offers the rare opportunity to serve a growing population just a few miles north of New York City. Surrounded by beautiful green spaces and historical sites, Yonkers is a good place to live with many safe areas. In addition to being culturally and economically diverse, Yonkers is prized for its great food, growing job opportunities and fantastic educational institutions. In fact, this facility is located just minutes from the College of Mount Saint Vincent, a nursing institution with an annual enrollment over 2,000. Beyond its close proximity to Mount Saint Vincent, the self-storage facility is also located right off of the busy Nepperhan Ave, which sees up to 38,000 vehicles per day. In this densely populated area, 249,957 people live within a three-mile radius. The median household income is also $76,817 within a three-mile radius.
Newly completed, this seven-story, 95,780 square-foot facility hosts 1,248 climate-controlled units on a 1.1-acre lot. In this high-demand market, average annual market rents $32 per square foot. For these reasons, the buyer should expect levered returns in the low teens.
Take advantage of this rare opportunity to own a brand-new facility in a metro poised for continuous growth.