$10M Loan For Storage Facility Near Nutley-Clifton Border

NUTLEY, NJ — An in-development self-storage facility near the border of Nutley and Clifton recently got more than $10 million in financing, developers announced Monday.

Developer Tulfra Real Estate received a $10.2 million construction loan with Bank of New Jersey to build a 925-unit CubeSmart-branded self-storage facility at 10 Kingsland Street in Nutley. According to real estate brokers Holliday Fenoglio Fowler L.P., the three-story, 125,000-square-foot facility will contain 765 climate-controlled and 160 non-climate-controlled units.

CubeSmart will lease up and manage the property, which includes retail space for selling supplies and facilitating unit and truck rentals, Holliday Fenoglio Fowler (HFF) stated.

Situated on 6.5 acres at 10 Kingsland Street in Nutley, the facility is on the border of Nutley and Clifton and adjacent to Route 3, a prominent retail corridor. Within a three-mile radius of the property, there are an estimated 92,237 households, including 41,756 renter-occupied housing units, according to HFF.

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Artist rendering via HFF