$27,350,000 | 118,930 SF | StorageMart (managed) Mt. Laurel, NJ

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Colliers is pleased to present the opportunity to acquire StorageMart (managed) Mt. Laurel, a newly constructed, institutional-quality self storage facility located at 3018 Route 38 in Mt. Laurel, New Jersey. The property comprises 1,094 units totaling 118,930 rentable square feet within a three-story, climate-controlled facility situated on approximately 3.88 acres and scheduled for delivery in September 2026.

The asset is being offered for sale at Certificate of Occupancy, providing investors with a rare opportunity to acquire a brand-new, institutional asset at the absolute beginning of lease-up, eliminating development risk while capturing 100% of the revenue ramp and value creation.

Strategically located along Route 38 (~28,784 vehicles per day), the facility benefits from dominant visibility within a dense and affluent trade area featuring 37,338 residents within three miles and 132,930 residents within five miles, supported by $163K+ average household income within three miles.

The market remains undersupplied, with just 2.98 SF/capita (3-mile) and 1.21 SF/capita (5-mile) of climate-controlled inventory, well below equilibrium, providing substantial runway for lease-up and long-term rental rate growth.

Designed to institutional standards, the facility incorporates a full-service on-site management office, two access control lift gates, full facility keypad access control, extensive security camera coverage, two loading areas each serviced by elevators, motion-activated LED lighting, and full perimeter fencing, delivering both operational efficiency and best-in-class tenant experience. Additionally, the property features drive-up climate-controlled units along the building perimeter, a highly desirable and revenue-accretive product type with limited direct competition.

StorageMart (managed) Mt Laurel is being offered at an asking price of $27,350,000, or approximately $230 per rentable square foot. The asset has a projected stabilized NOI of approximately $1.91 million, equating to a 7.0% yield by Year 3. Underwritten returns indicate a projected 15.5% leveraged IRR and 11.8% unlevered IRR over a 7-year hold, driven by lease-up velocity, rate growth, and operational efficiencies. The combination of high-quality construction, lack of climate controlled supply, and attractive demographics make the asset a compelling opportunity for both near-term value creation and long-term income growth.