Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross

Asset Description

Offering Price - Unpriced

Rentable Square Feet - 133,171

Effective Rental Rate - Climate Controlled - $37.14 psf (Projected)

Number of Units - 1,908

Current Occupancy - Property still under construction

Offer Deadline - July 16, 2021

Projected Completion Date - October 31, 2021

Investment Highlights

New Best In Class Construction - 275 Washington Street will be delivered in Q3 2021 and will be constructed to Class A standards with an assortment of modern features and amenities. The property out-positions its competitors due to its well-appointed design and curb appeal.  


Excellent Visibility To Over 30,000 VPD - As a result of its four-story construction, Mount Vernon Self Storage has excellent visibility to North Columbus Avenue, as well as the Metro-North New Haven Line servicing 39 million passengers annually. The property’s freeway/train line visibility provides a unique competitive advantage due to the fact that the City of Mount Vernon is severely underserved in terms of newly constructed Class A storage space. 


Strong Demographics With Projected Growth - There are over 370,000 residents with an average household income of over $94,000 within a three-mile radius of the property. 


Abundance Of New Residential Development - There are over 4,360 new apartment units that are either under construction or delivered in the last two years within a three-mile radius of Mount Vernon Self Storage.


Thriving Westchester County - Mount Vernon is situated directly north of the Bronx and is considered an inner borough of the NYC MSA, approximately 30 minutes from Midtown Manhattan via car or train. With a population of nearly 20.3 million residents, the New York City MSA (NYC) Metroplex ranks as the #1 largest metro area in the country. 


A perennial national leader in population and employment growth with a centralized location, growing job market, high-quality of life and low cost of living. 


The suburbs and outer boroughs of the NYC MSA saw an explosion in population growth following the outbreak of COVID-19, as people looked for more space in remote work-friendly world. 

Last Updated Date: 12 Nov 2021

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Last Updated Date: 12 Nov 2021

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