Marcus & Millichap is pleased to offer for sale Storage Squad Self Storage located at 1401 Dryden Road in Freeville, New York and nearby satellite location at 53 Pickney Road in Ithaca, New York. The main location is newly constructed and opened in July 2017 and features 616 total units. There are 370 climate controlled units, 246 standard drive-up units, and 10 parking spaces. There are currently 51,425 net rentable square feet with room to expand, and room for additional parking. There is a total of 19.52 acres. The expansion is permitted and site work is completed for an additional 36,500 net rentable square feet of space.
The main property is located just off of NY Scenic Route 13. It is within close proximity to Cornell University and Empire State College of the SUNY system. Several other churches and local shops are nearby. There are over 40,000 people within a 5-mile radius with strong employment statistics. Additionally, the property is in an area with strong self storage occupancy statistics. The Storage Squad Self Storage investment opportunity offers an investor the ability to acquire a self storage facility of sturdy construction and strong trending occupancy.
This investment opportunity is being offered for $5,900,000.