Map of Property

HOFFMAN STATION SELF STORAGE DEVELOPMENT

For Sale

385 Hoffman Station Rd, Monroe, NJ 08831, Monroe, NJ 08831

This Monroe property for sale is located at 385 Hoffman Station Rd, Monroe, NJ 08831. The current listed sale price for HOFFMAN STATION SELF STORAGE DEVELOPMENT is $2,975,000.

Contacts

broker
Eric Jones

Oakside Companies

broker
Cameron Vale

Oakside Companies

Property Details

  • Property Type Other
  • Units 754
  • Date Updated Apr 23, 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.

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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

Getting around

  • 1/100

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  • 22/100

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Location

  • City Monroe, NJ
  • Neighborhood Monroe
  • Zip Code 08831
  • Market New Jersey

Points of Interest

  • Shell

    1.84 miles

  • BP

    2.95 miles

  • Tesla Supercharger

    3.62 miles

  • QuickChek

    4.26 miles

  • Wawa

    4.33 miles

  • Valero

    4.73 miles

  • ChargePoint

    9.65 miles

  • Monroe Township Park & Ride

    2.75 miles

  • Tall Timbers Park Parking

    6.89 miles

  • Truck Parking

    7.25 miles

  • Marlboro Township Board of Education Bus Depot

    7.87 miles

  • Tamerack Hollow Preserve Parking

    8.01 miles

  • Monmouth County Courthouse Parking

    8.11 miles

  • Off-road Event Parking

    8.12 miles

  • Freehold Mall Park and Ride

    8.65 miles

  • Student Lot

    9.18 miles

  • Hill Parking

    9.18 miles

  • DoubleTree by Hilton Monroe Township Cranbury

    3.75 miles

  • Courtyard Cranbury South Brunswick

    4.01 miles

  • Hampton Inn Cranbury

    4.39 miles

  • Staybridge Suites Cranbury-South Brunswick, an IHG Hotel;Staybridge Suites

    4.58 miles

  • Residence Inn Cranbury South Brunswick

    4.67 miles

  • TownePlace Suites Cranbury South Brunswick

    4.75 miles

  • Holiday Inn

    5.55 miles

  • Windsor Hotel

    5.56 miles

  • Hampton Inn

    5.62 miles

  • Traveler's Inn

    5.85 miles

  • Stop & Shop

    1.11 miles

  • Union Hill Shopping Center

    5.47 miles

  • Cranbury Commons

    5.48 miles

  • NetCost Market

    5.90 miles

  • ShopRite

    6.27 miles

  • Whole Foods Market

    6.32 miles

  • Target

    6.39 miles

  • Wegmans

    6.59 miles

  • Walmart Supercenter

    6.67 miles

  • Town Center Shopping Center

    6.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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