CubeSmart Self Storage (Third Party Managed)
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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
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