Life Storage
Cheektowaga, NY
Executive Summary
CBRE’S Self Storage Advisory Group is retained as the exclusive listing advisor for Life Storage - Cheektowaga (managed by Extra Space Storage), which consists of 394 units distributed across 43,777 net rentable square feet of interior climate controlled storage space. The back portion of the building is a Goodwill Storage & Donation Center (non-profit retail store) which is included in the offering. Pad 1, located to the side of the building, is slated for future development of a 7Brew Coffee Shop including a large drivethrough which will be on a 10 year lease with 4 (5-Year) lease options for lease continuation. Pad 2 is a 1.07 acre lot in front of the building complementing the other portions of the property, offering a future development opportunity.
Cheektowaga, New York, is a charming village located in Erie County, known for its affordable living and robust local economy. The village’s economy is diverse, with key industries including manufacturing, healthcare, and retail trade. Cheektowaga’s strategic location near Buffalo provides easy access to major transportation routes, enhancing its appeal for logistics and warehousing sectors. The local job market has shown steady growth. With its blend of economic stability and growth potential, Cheektowaga presents a promising opportunity for investors looking to capitalize on a thriving community.
*Third Party Managed by Extra Space Storage
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
