Special Purpose Facility

Hawthorne Self Storage

204 Wagaraw Rd Hawthorne, New Jersey United States 07506-2708
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key facts

Year Built 2022
Building Area Gross
Number of units 967

Property description

LOCATION: The property is situated at 204 Wagaraw Rd, Hawthorne, New Jersey, at the corner of Lafayette Ave / Wagaraw Rd and East of Route 208.


ACRES: ±3.66 acres (159,430 square feet)


TRAFFIC COUNT: ±14,000 VPD (Wagaraw Rd); ±9,100 VPD (Lafayette Ave); +/- 13,100 VPD (Lincoln Ave)


UTILITIES: PSEG


YEAR BUILT: The facility is currently under construction and planned for delivery late Q2 2022.


CONSTRUCTION DETAIL: The facility will consist of a single, four level building.


ELEVATOR DETAIL: Two ThyssenKrupp elevators with 4,500 lb capacity


APARTMENT: N/A


OFFICE: Roughly 250 SF of office fit out as to CubeSmart’s specifications.


CLIMATE CONTROLLED: The facility is 100% climate controlled.


FEATURES AND AMENITIES: The facility will include surveillance cameras, individual unit

locks, climate control throughout, keypad entry, and on-site management.


MANAGEMENT: The property is professionally managed by CubeSmart.


SECURITY: The facility is equipped with state of the art lock technology with the Noke ONE bluetooth lock from Janus and a 24-hour video surveillance system.


OPERATION HOURS (ACCESS): Every Day: 6AM - 10PM


OPERATION HOURS (OFFICE): Mon-Fri: 9:30AM - 6PM

Sat: 9 AM - 5:30PM

Sun: 11 AM - 3 PM

Investment highlights

New Best in Class Construction: Hawthorne Self Storage at 204 Wagaraw Rd will be delivered in late Q2 2022. The facility will be constructed to Class A standards with an assortment of modern features and amenities – including 100% climate-controlled units.


Excellent Visibility to Over 36,200 VPD: Hawthorne Self Storage has excellent visibility to Wagaraw Rd (14,000 VPD), Lafayette Ave (9,100 VPD) and Lincoln Ave (13,100 VPD).


Minimal Surrounding Competitive Supply: The area within a three-mile radius of Hawthorne Self Storage contains only 4.62 square feet of storage space per person, well below what is typically required in urban areas. This makes the market underserved, signaling the property will have strong leasing momentum upon delivery.


Excellent Demographics with Projected Growth: There are nearly 240,000 residents with an average household income of over $110,500 within a three-mile radius of the property. The average household income is projected to grow at an annual rate of 2% over the next five years.

New York-Newark-Jersey City MSA – Hawthorne is a borough of New Jersey and is a one hour drive or train ride northeast of Manhattan. With a population of nearly 20.3 million residents, the New York City MSA (NYC) Metroplex ranks as the #1 largest metro area in the country.

A perennial national leader in population and employment growth with a centralized location, growing job market, and a high-quality of life.

The suburbs and outer boroughs of the NYC MSA saw an explosion in population growth following the outbreak of COVID-19, as people looked for more space in a remote work-friendly world.

Last Updated Date: 22 Apr 2022

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Last Updated Date: 22 Apr 2022

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