- For Sale $2,975,000
- Property Type Other
- Units 754
- Date Updated Apr 6, 2025
PROPERTY OVERVIEW
Located in Monroe, New Jersey, Hoffman Station Self Storage Development is a shovel-ready Class A facility offering 754 units across 92,675 net rentable square feet. This prime development opportunity spans 18 acres and includes a diverse mix of unit sizes, climate-controlled and non-climate-controlled options, as well as outdoor parking spaces. With no self-storage competitors within a three-mile radius and a projected 3-4% population growth in the surrounding area, this project is positioned to serve the needs of a growing community. Median household incomes in the vicinity further underscore the strong demand potential for this well-planned development.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Address: 385 Hoffman Station Rd, Monroe, NJ 08831
- Approved NRSF: 92,675
- Price: $2,975,000
- Levered IRR: 19%
- Stabilized Yield on Cost: 7.9%
- Units: 754
- Shovel ready Class A storage development opportunity with approved Phase 1/2.
- No self storage competitors within a 3M radius.
- 5-Mile Self Storage Supply Per Capita: 6.04 Sq Ft
- Population: ~88,000 within a 5M radius with 3-4% projected population growth.
- Median household incomes 1M: $192,254 | 3M: $95,079 | 5M: $123,694
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Contacts
Location
Getting Around
-
Walk Score ®
1/100
Car-Dependent
-
Bike Score ®
22/100
Somewhat Bikeable
- City Monroe, NJ
- Neighborhood Monroe
- Zip Code 08831
- Market New Jersey
Points of Interest
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Shell
1.84 miles
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BP
2.95 miles
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Tesla Supercharger
3.62 miles
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QuickChek
4.26 miles
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Wawa
4.33 miles
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Valero
4.73 miles
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ChargePoint
9.65 miles
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Monroe Township Park & Ride
2.75 miles
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Tall Timbers Park Parking
6.89 miles
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Truck Parking
7.25 miles
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Marlboro Township Board of Education Bus Depot
7.87 miles
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Tamerack Hollow Preserve Parking
8.01 miles
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Monmouth County Courthouse Parking
8.11 miles
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Off-road Event Parking
8.12 miles
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Freehold Mall Park and Ride
8.65 miles
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Student Lot
9.18 miles
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Hill Parking
9.18 miles
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DoubleTree by Hilton Monroe Township Cranbury
3.75 miles
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Courtyard Cranbury South Brunswick
4.01 miles
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Hampton Inn Cranbury
4.39 miles
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Staybridge Suites Cranbury-South Brunswick, an IHG Hotel;Staybridge Suites
4.58 miles
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Residence Inn Cranbury South Brunswick
4.67 miles
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TownePlace Suites Cranbury South Brunswick
4.75 miles
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Holiday Inn
5.55 miles
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Windsor Hotel
5.56 miles
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Hampton Inn
5.62 miles
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Traveler's Inn
5.85 miles
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Dunkin' Donuts
2.34 miles
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Four Boys Ice Cream
2.46 miles
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Yimo Sushi & Hibachi
2.78 miles
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Dunkin'
2.83 miles
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Absolute Thai
3.15 miles
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Cheng Garden
3.51 miles
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Bella Italia: Pork Store and Catering
3.54 miles
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Jasper Stone Italian Steakhouse
4.17 miles
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McDonald's
4.30 miles
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Zinna's Bistro
4.34 miles
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Brookside Elementary School
1.55 miles
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Barclay Brook Elementary School
1.64 miles
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New Jersey Training School for Boys
2.26 miles
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John F Kennedy Elementary School
2.70 miles
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Academy Learning Center School
2.70 miles
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Grace M Breckwedel Middle School
2.79 miles
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Applegarth Middle School
3.09 miles
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Oak Tree Elementary School
3.28 miles
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Yeshiva Tiferes Naftol Central School
3.70 miles
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Milford Brook Elementary School
3.71 miles
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The Learning Experience
4.71 miles
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Cranbury Presbyterian Nursery School (CPNS)
5.26 miles
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Kindercare Learning Center School
5.32 miles
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The Goddard School
5.43 miles
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Kids Count Child Center
6.07 miles
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Kindercare Learning Center
6.44 miles
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Footbik
7.72 miles
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Learning Bridge Academy
8.37 miles
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Disability Allies
9.23 miles
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TCLA Preschool And Enrichment Center
9.24 miles
Frequently Asked Questions
The space currently listed for sale at HOFFMAN STATION SELF STORAGE DEVELOPMENT asks for $2,975,000.
HOFFMAN STATION SELF STORAGE DEVELOPMENT totals 92 square feet.
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