This New York City, NY MSA class A self storage facility received multiple competitive offers. Located in an inner suburb of North Arlington, NJ just West of Jersey City, Hoboken, the Lincoln Tunnel and Manhattan, the Extra Space Storage managed property offers 71,160 net rentable square feet throughout 940 total units. With excellent visibility from the Belleville Turnpike, the site opened September 17, 2020.
Within 39 days, 60 units were rented due to the undersupplied high barrier to entry market of only 4.10 NRSF of storage per capita.
The $99,841 average household income of those living within one mile made the location even more attractive and the extremely dense sub-market of 715,123 people living within five miles and 211,061 within three miles only further supported this.
