Stowaway Self Storage 8-Property Portfolio Opportunity – NJ, PA & NY
This Portfolio presents a unique opportunity to acquire eight self-storage properties strategically located in New Jersey, Pennsylvania and New York. The Portfolio consists of 694,645 rentable square feet spread across 5,216 units. Built between 1970 and 2005, the Portfolio has demonstrated stability with occupancy at approximately 93.5%. It offers in-place income with compelling upside in rents and possible expansion/upgrade opportunities.
The properties are strategically located in markets with varying demographic and economic profiles. The New Jersey properties benefit from proximity to densely populated areas with stable or growing populations, while the Pennsylvania assets are situated in regions with robust demand for storage. These suburban locations offer the perfect blend of accessibility and visibility. Despite slight population declines in some areas, the overall market conditions are favorable, supported by high household incomes and attractive supply per capita metrics. These factors give owners substantial operating leverage and signal strong market rent growth for the foreseeable future.
This Portfolio offers a compelling opportunity for buyers to acquire a regional portfolio of seasoned assets across New Jersey, New York, and Pennsylvania. The high occupancy rates, combined with below-market rents, provide immediate opportunities for rent increases and revenue optimization, including potential upgrades and expansions. Transitioning from mom-and-pop management to professional management can further modernize operations, optimize revenue management, and reduce operating expenses.
The Portfolio’s geographic concentration in the Northeast allows existing operators to capitalize on greater economies of scale or new investors to enter with enough scale and size to achieve appropriate economies and operating synergies.