Clinton NJ Self Storage Development — Sale in Clinton, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Clinton, NJ 08809
  • Year built: 2027

Photos

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Investment Figures

Cap rate
7.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale the Clinton Storage Development site, an entitled 700-unit, 73,940 NRSF self-storage development opportunity in Clinton, New Jersey. The 5.43-acre site offers excellent visibility along NJ-31 with approximately 36,000 VPD and is located within an affluent, supply-constrained market. The property benefits from $171,854 average household income, only 3.72 SF of storage per person within three miles, and no competing developments currently in the pipeline. Current climate-controlled rents average approximately $2.62/SF, supporting the project's revenue assumptions. The project is projected to achieve a $1.31 million Year 5 NOI and an 8.8% yield on cost, providing investors with an opportunity to create significant value through development and lease-up. Investment Highlights: • Entitled Storage development opportunity • Low Saturation - 3.72 SF/Person in 3 mile; 5.27 SF/person in 5 mile • $2.62/SF average online Climate Control rental rates • Over $170,000 average household incomes • Excellent visibility with 36,000 VPD traffic counts • High barrier to entry market and no other developments in the pipeline

Market Context

This commercial property in Clinton, NJ is listed for sale. It is offered at an approximate 7.6% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 2027. Compare it against other commercial property listings for sale in Clinton, NJ — view the full market.

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