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LOCATION: Washington, DC Self Storage is located at 1240 Mount Olivet Rd NE, Washington, DC, off of the corner of West Virginia Ave NE and Mt Olivet Rd NE in Northwest Washington
ACRES: 0.4 Acres (17,424 SF)
TRAFFIC COUNT: Mount Olivet Rd NE (19,850 VPD), West Virginia Ave NE (10,350 VPD) and Bladensburg Rd (29,100 VPD)
UTILITIES: Water and Sewer: DC Water & Sewer Supply
Waste Service: Waste Management
YEAR BUILT: June 2021
CONSTRUCTION DETAIL: Newly constructed, 6-story Class A Self Storage facility
ELEVATOR DETAIL: ThyssenKrupp Elevator
SOLAR PANEL: The property includes rooftop solar panels on-site, which generate $27,500 in annual revenue
OFFICE: Roughly 500 Sf office to Extra Space’s specifications
CLIMATE CONTROLLED: The facility is 100% climate controlled
FEATURES AND AMENITIES: In addition to being completely climate controlled, the property includes features such as: covered loading, a loading dock, moving carts and other items, gate access on Sundays, and multiple entrance gates
PERSONNEL: One full-time Store Manager (40 hours) and one full-time Assistant Manager (40 hours)
MANAGEMENT: The property is professionally managed by Extra Space.
SOFTWARE: Point of Sale System: Breeze ;Gate System: Storlogix
SECURITY: The property is equipped with advanced security features such as video surveillance and electronic gate access
OPERATION HOURS (ACCESS): Every Day: 6:00 am - 10:00 pm
OPERATION HOURS (OFFICE): Mon-Fri: 9:30 am - 6:00 pm; Sat: 9:00 am - 5:30 pm; Sun: 10:00 am -2:00 pm
New Best in Class Construction: Washington, DC Self Storage was completed to Class A Standards in June 2021. The facility is extremely modern and has an assortment of modern features and amenities – including over 700 100% climate-controlled units.
Excellent Visibility to Over 59,300 VPD: Washington, DC Self Storage has excellent visibility to Mount Olivet Rd NE (19,850 VPD), West Virginia Ave NE (10,350 VPD) and Bladensburg Rd (29,100 VPD).
Minimal Surrounding Competitive Supply: The area within a three-mile radius of Washington, DC Self Storage contains only 4.7 square feet of storage space per person, well below what is typically required in urban areas. This makes the market extremely underserved for an area as dense as Washington, DC.
Excellent Demographics with Projected Growth: There are nearly 350,000 residents with an average household income of over $150,000 within a three-mile radius of the property. The average household income is projected to grow at an annual rate of 2.62% over the next five years.
Proximity to Gallaudet University: The property is located less than half a mile from Gallaudet University, the world’s only university focused to serve deaf and hard of hearing students. The university has roughly 2,000 students and nearly 1,000 faculty members.