70,395 SF | Public Storage| New Castle, DE

Colliers is pleased to present a premier investment opportunity: the exclusive offering of a Public Storage-managed facility at 4093 New Castle Ave, New Castle, Delaware. Originally a pallet warehouse, this 93,627-square-foot, single-story building was expertly converted into an institutional-quality self-storage facility in June 2020. Since its transformation, the asset has rapidly stabilized, achieving an impressive 93.7% physical occupancy.
Strategically positioned adjacent to I-495, with an average daily traffic count of 89,797, and just 2.2 miles from downtown Wilmington, DE, this facility offers outstanding visibility and accessibility. Spanning approximately 4.81 acres, New Castle Storage is a fully climate-controlled, single-story property comprising 70,395 rentable square feet across 752 storage units, including 50 open-air parking spaces. An additional 28 units are located on a mezzanine level above the management office, accessible via staircase.