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31108162
31108163

725 Sagamore Pkwy N, Lafayette, IN 47904

RS
RB14026249
Schick & Associates, Inc.
Listed by Schick & Associates, Inc.
Unpriced
79 days on market
Updated 8 days ago

CubeSmart Self Storage (Third Party Managed)

Details
Property Type Industrial, Self Storage
Sub Type Warehouse
Net Rentable (SqFt) 54,638
Units 483
Occupancy 65%
Year Built 2022
Stories 1
Acreage 3.500

Industrial

Marketing description

CubeSmart Self Storage is a 54,638 NRSF facility located in Lafayette, IN. This facility, which opened in 2022, features both climate and non-climate units. The asset boasts new construction and prime frontage/access along Sagamore Parkway (23,000 vpd). The 5-mile radius population is 136,368 with an Average Household Income of $113,018.

The greater Lafayette MSA features world-class manufacturers like Subaru, Wabash Na­tional, GE Aviation, Caterpillar, Rolls Royce and Saab. New developments include a micro­chip factory being built by SK Hynix and a semiconductor facility being built by SkyWater. The microchip factory will be a $4B development within the Purdue University Research Park, and is expected to produce over 1,000 jobs. The $1.8B semiconductor facility an­nounced for the Discovery Park District at Purdue is expected to create 750 high-paying jobs within five years for the Greater Lafayette MSA.

Investment highlights

  • Newer facility (built 2022) with consistent lease-up
  • 54,638 NRSF – 483 units - 373 climate units and 110 non-climate units
  • Located on the corner of Sagamore Pkwy & Union Street
  • CubeSmart third-party managed
  • 76% occupied

Listing Contacts

RS
RB14026249
Schick & Associates, Inc.
Listed by Schick & Associates, Inc.

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