Marcus & Millichap arranged the sale of a self-storage development site in Ridgefield, NJ. Located at 1099 Hendricks Causeway, the fully entitled and permitted site will be developed into a Class A self-storage facility with more than 1,200 climate-controlled units.
“This was a great process with multiple competitive offers,” said Nathan Coe, senior managing director investments and lead agent. “It demonstrates the strong demand for storage in Bergen County and the continued strength of the self-storage sector.”
The seller was StorageBlue, a longtime self-storage operator in North Jersey. The buyer was Safely Store, a self-storage dedicated investment platform focused on acquisitions and developments nationally. Nathan Coe, Gabriel Coe and Brett Hatcher, in association with Jim McGuckin, Marcus & Millichap’s New Jersey broker of record, marketed the property on behalf of the seller and procured the buyer.
Launched in 2023, Safely Store was formed by principals of Iron Point Partners and Taylor/Theus Holdings and backed by La Caisse and another global institutional investor.
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