558 W Ingham Ave - Self-Storage Facilities FOR SALE


Ewing Township, NJ 08638- Outer Trenton/Hamilton/Ewing
$8,500,000 USD
216-239-5071
558 W Ingham Ave, Ewing Township, NJ for Sale
$8,500,000 USD
Self-Storage Facilities - FOR SALE
1/18
null | Request Cap Rate

558 W Ingham Ave
Ewing Township, NJ 08638
Outer Trenton/Hamilton/Ewing


HIGHLIGHTS

  • Recent conversion opened in mid-2023 • Densely populated area: 152,541 in 3-Miles • Value Add – Store rents are $10/SF below stabilized market rents
  • 22,328 SF expansion opportunity on 3rd Floor and Lower Level • Cell Tower Income • Underserved market with strong demand for self-storage: 3.39 SF/Cap
  • High percentage of renter occupied housing: 54% • Located 1.5 miles from Trenton, NJ city center • 34 Miles to Philadelphia | 70 Miles to NYC
  • Owner Renovation includes all new roof, HVAC, elevator, dock, ramps, walkways, leasing office, windows, doors, exterior skin/façade, parking lot
  • Owner has installed a new state-of-the-art Fully Sprinklered Fire Suppression and Life Safety Recall System • New electrical systems thru out
  • 70% of the 3-mile submarket square footage is REIT owned • 100% Climate Control facility

OVERVIEW

Storage Box Central presents a compelling investment opportunity in the heart of Ewing, NJ, a dynamic submarket within the Greater Trenton area. This well-positioned self-storage facility benefits from strong fundamentals, including a population of over 152,000 within a three-mile radius and an underserved market with only 3.39 SF per capita. The property’s current occupancy of 87% demonstrates healthy demand while leaving room for immediate upside through rental rate optimization and strategic expansion. The site offers additional income from an on-site cell tower, enhancing revenue diversity and long-term stability. Located near major thoroughfares and residential communities, Storage Box Central provides excellent visibility and accessibility for customers. Investors will appreciate the opportunity to capitalize on favorable demographics, limited competition, and strong growth trends in self-storage utilization. With expansion potential and proven performance, this asset is primed for value creation and sustained returns.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

347 Units

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

IP-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas GustafsonColliersMore Info
216-239-5071

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Thomas GustafsonColliersMore Info
216-239-5071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.