Grandstone Investment Sales is proud to present the exclusive offering of Route 60 Storage, a stabilized self-storage facility located at 10895 Bennea Road in Dunkirk, NY.
Strategically positioned along Route 60, which has over 12,000 vehicles per day, the property enjoys excellent visibility and consistent drive-by exposure. The facility spans 4.10 acres with room for future expansion and includes 26,000 net rentable square feet across 213 drive-up, non-climate-controlled units and 6 rented outdoor parking spaces—offering a straightforward, low-maintenance facility that continues to attract steady tenant demand.
Additionally, the property features a well-maintained on-site manager’s apartment, providing convenient living accommodations that enhance operational oversight and tenant relations.
Priced at just $1,600,000 ($61.54 per rentable square foot), this offering presents a rare opportunity to acquire a strong-performing asset at an attractive basis. Route 60 Storage is currently 91.7% physically occupied, reflecting consistent demand.
The property also presents meaningful upside potential. With over 60 delinquent tenants, a new owner can unlock additional value through improved management practices and basic operational enhancements such as launching a professional website and enabling online payment options.
This is an ideal opportunity for an investor seeking a stable asset with immediate cash flow and clear avenues for growth.
INVESTMENT
HIGHLIGHTS
- LOW BASIS:
Offered at $1,600,000 ($61 per rentable square foot). - STRATEGIC LOCATION:
Located along Route 60, with over 12,000 vehicles per day, offering excellent visibility and consistent drive-by traffic. - SATURATION:
Only 4.24 NRSF per capita within a 5-mile radius, indicating a favorable supply-demand balance.
- OCCUPANCY:
Currently 91.7% physically occupied, demonstrating strong and stable demand. - MANAGER’S APARTMENT:
On-site, well-maintained manager’s apartment included - VALUE ADD:
60+ delinquents and no website, online payments, or automation in place.
Brian Brockman | Bang Realty-New York Inc | Tel: 513.898.1551 | Bor@bangrealty.com | License: 10311208985
