CubeSmart North Bergen

Location: North Bergen, NJ
Type: Self Storage
Price: $14,500,000

SMC has provided a $14,500,000 ten-year fixed rate mortgage for the refinance of CubeSmart North Bergen, an 111,495 SF self-storage storage facility located only 2 miles west of Midtown Manhattan along Tonnelle Avenue (58,456 VPD), immediately south of its intersection with State Route 3 and Interstate 495, providing direct access to Manhattan via the Lincoln Tunnel. Approximately 80% of the units are climate controlled and the Property was approximately 92% occupied in the twelve months ended June 2019.