The site of a planned self-storage facility at 765 Route 17 in Carlstadt — Courtesy: Marcus & Millichap
By Joshua Burd
A self-storage operator plans to raze a 61,556-square-foot industrial building in Bergen County and rebuild the site with one of its own facilities, brokerage firm Marcus & Millichap said.
Brokers with the firm’s northern New Jersey office represented Metro Self-Storage in the purchase of 765 Route 17 in Carlstadt, according to a news release. Janard Management Services Inc. was the seller of the property, which sits on 3.84 acres and is partially in Wood-Ridge.
“When we first acquired the listing for this property, we discussed the various options in which this property could be used,” David E. Thurston, the broker for Marcus & Millichap, said in a prepared statement. “With few land opportunities to redevelop in North Jersey and particularly in Bergen County, this property proved to be a great prospect.”
The brokerage team considered multifamily development among the possible uses for the property, but concluded the best opportunity for a successful redevelopment was with Metro Self-Storage, the news release said. The new owner will demolish the property in order to build the three-story self-storage facility.
The industrial facility is located within a quarter mile of the Wood-Ridge NJ Transit rail station and has access to Interstate 80 and routes 46, 4 and 3.