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Self-Storage

Self Storage Facilities

  • Self-storage has proven to be a viable value enhancement opportunity for Centerpark’s properties
  • Similar to parking, NYC and other gateway cities continue to be underserved in this sector
  • In NYC only 2.4 sq ft of storage space per person exists compared to 5.9 sq ft per person throughout the US
  • Manhattan contains 24 self storage facilities servicing a total of 1.6M residents and 800K households
  • Centerpark currently averages $90/psf in revenue from its self-storage facilities compared to $45/psf from parking alone

Other Retail Tenants Include:

  • Restaurants
  • Mail and Packaging Centers
  • Convenience Stores & Newsstands
  • Automated Banking Centers
  • Fitness Centers

Other Misc Garage Tenants Include:

  • Car Rental Companies
  • Electric Car Charging Stations
  • Bike Rental Companies
  • Pedicab Fleets
  • Uber/Lyft
  • Zip Car/Car Sharing Companies
  • Car Dealerships
  • Car Detailing Companies