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558 W Ingham Ave - 347 Units 49,642 SF Specialty Building Offered at $8,500,000 in Ewing Township, NJ 08638
INVESTMENT HIGHLIGHTS
- Recent conversion opened in mid-2023 • Densely populated area: 152,541 in 3-Miles • Value Add – Store rents are $10/SF below stabilized market rents
- High percentage of renter occupied housing: 54% • Located 1.5 miles from Trenton, NJ city center • 34 Miles to Philadelphia | 70 Miles to NYC
- Owner has installed a new state-of-the-art Fully Sprinklered Fire Suppression and Life Safety Recall System • New electrical systems thru out
- 22,328 SF expansion opportunity on 3rd Floor and Lower Level • Cell Tower Income • Underserved market with strong demand for self-storage: 3.39 SF/Cap
- Owner Renovation includes all new roof, HVAC, elevator, dock, ramps, walkways, leasing office, windows, doors, exterior skin/façade, parking lot
- 70% of the 3-mile submarket square footage is REIT owned • 100% Climate Control facility
EXECUTIVE SUMMARY
Storage Box Central presents a compelling investment opportunity in the heart of Ewing, NJ, a dynamic submarket within the Greater Trenton area. This well-positioned self-storage facility benefits from strong fundamentals, including a population of over 152,000 within a three-mile radius and an underserved market with only 3.39 SF per capita. The property’s current occupancy of 87% demonstrates healthy demand while leaving room for immediate upside through rental rate optimization and strategic expansion. The site offers additional income from an on-site cell tower, enhancing revenue diversity and long-term stability. Located near major thoroughfares and residential communities, Storage Box Central provides excellent visibility and accessibility for customers. Investors will appreciate the opportunity to capitalize on favorable demographics, limited competition, and strong growth trends in self-storage utilization. With expansion potential and proven performance, this asset is primed for value creation and sustained returns.
PROPERTY FACTS
| Price | $8,500,000 | Building Class | B |
| Price Per SF | $171.23 | Lot Size | 1.05 AC |
| Sale Type | Investment | Building Size | 49,642 SF |
| Property Type | Specialty | No. Stories | 4 |
| Property Subtype | Self-Storage | Year Built/Renovated | 1920/2023 |
| Zoning | IP-3 | ||
| Price | $8,500,000 |
| Price Per SF | $171.23 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.05 AC |
| Building Size | 49,642 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1920/2023 |
| Zoning | IP-3 |
AMENITIES
- Air Conditioning
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Walk Score®
Very Walkable (70)
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558 W Ingham Ave - 347 Units
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