Layton’s Self Storage in Belvidere, New Jersey, presents a compelling investment opportunity for buyers seeking a stabilized, income-generating property with built-in upside potential. Located at 15 Adams St, Belvidere, NJ 07823, this well-maintained self-storage facility is currently achieving 98% unit occupancy and 84% economic occupancy, indicating high market demand and a strong foundation for operational improvements under new ownership.
The facility is comprised of 85 storage units, supplemented by two office spaces, two warehouse areas, and one enclosed mezzanine, allowing for diverse use cases and potential revenue expansion. The current warehouse tenant not only occupies space but also provides essential property services, including snow removal and landscaping, which reduces external maintenance costs and enhances overall site functionality. Another tenant supports the operation by managing basic onsite responsibilities, ensuring the property remains efficiently run with minimal owner involvement.
One of the most promising aspects of this opportunity is the management upside. There is currently no fee structure or tenant insurance program in place—two common revenue streams within the self-storage industry. This presents a clear value-add avenue for a new investor to increase net operating income by introducing industry-standard ancillary services. Additionally, with over $70,000 median household income within a five-mile radius and less than 3 square feet of storage per capita, the area is notably under-served, offering a strong competitive edge for retention and rate growth.
The site’s configuration further provides strategic flexibility. The warehouse spaces and mezzanine area could potentially be converted into additional self-storage units or repurposed for other commercial uses, creating new sources of rental income. As demand for secure and flexible storage continues to rise across suburban and secondary markets, Belvidere’s high occupancy levels and economic demographics make it especially attractive.
Belvidere itself is a growing community that benefits from stable residential development and proximity to regional employment centers. The property enjoys easy access to local roadways and sits in a peaceful yet populated area, ideal for customers seeking a clean, secure, and accessible storage solution. The property’s excellent market positioning, coupled with its solid current performance and built-in operational and structural value-add potential, makes this a rare find in today’s competitive self-storage landscape.
For investors seeking a turnkey storage facility with immediate cash flow, minimal deferred maintenance, and high growth potential through operational optimization and unit expansion, Layton’s Self Storage in Belvidere, NJ, stands out as an ideal acquisition target.
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