Offering Price - Unpriced
Rentable Square Feet - 133,171
Effective Rental Rate - Climate Controlled - $37.14 psf (Projected)
Number of Units - 1,908
Current Occupancy - Property still under construction
Offer Deadline - July 16, 2021
Projected Completion Date - October 31, 2021
New Best In Class Construction - 275 Washington Street will be delivered in Q3 2021 and will be constructed to Class A standards with an assortment of modern features and amenities. The property out-positions its competitors due to its well-appointed design and curb appeal.
Excellent Visibility To Over 30,000 VPD - As a result of its four-story construction, Mount Vernon Self Storage has excellent visibility to North Columbus Avenue, as well as the Metro-North New Haven Line servicing 39 million passengers annually. The property’s freeway/train line visibility provides a unique competitive advantage due to the fact that the City of Mount Vernon is severely underserved in terms of newly constructed Class A storage space.
Strong Demographics With Projected Growth - There are over 370,000 residents with an average household income of over $94,000 within a three-mile radius of the property.
Abundance Of New Residential Development - There are over 4,360 new apartment units that are either under construction or delivered in the last two years within a three-mile radius of Mount Vernon Self Storage.
Thriving Westchester County - Mount Vernon is situated directly north of the Bronx and is considered an inner borough of the NYC MSA, approximately 30 minutes from Midtown Manhattan via car or train. With a population of nearly 20.3 million residents, the New York City MSA (NYC) Metroplex ranks as the #1 largest metro area in the country.
A perennial national leader in population and employment growth with a centralized location, growing job market, high-quality of life and low cost of living.
The suburbs and outer boroughs of the NYC MSA saw an explosion in population growth following the outbreak of COVID-19, as people looked for more space in remote work-friendly world.