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Self-Storage Facility

Garrett County Self Storage

1206 Mosser Rd, McHenry, MD 21541

Listing Price: $4,200,000

Cap Rate
6.45%
Occupancy
77.0%
Rentable SF
49,675
Price/Rentable SF
$84.55
Year Built
1988

Investment Overview

Marcus & Millichap proudly presents for sale Garrett County Self Storage. Located at 1206 Mosser Rd in McHenry, Maryland, this meticulously maintained facility offers approximately 49,675 +/- net rentable square feet of versatile storage solutions, including drive-up, climate-controlled, boat & RV storage, and parking. Boasting an onsite management office and 3 acres of approved expansion space, it's a property primed for growth.

Established in 1986, Garrett County Self Storage has a track record of excellence, maintaining high occupancy rates year-round. Demand is fueled by McHenry's allure as a beloved lake town, with seasonal activities driving winter occupancy even higher. Currently at 77% physical occupancy, ongoing leasing efforts target the lucrative 10x10 units segment.

The McHenry self-storage market presents a great opportunity, with no imminent competitors within a 10-mile radius. Positioned off Garrett Highway, a key route connecting McHenry to Oakland, the facility enjoys steady traffic flow, particularly during the bustling summer months. Its strategic location, just 3 miles from Garrett County airport and close to Garrett College, ensures convenient accessibility.

Investing in Garrett County Self Storage offers more than just a property; it's an opportunity to capitalize on a thriving vacation destination. Prospective buyers can unlock additional value by implementing revenue management strategies, automation enhancements, and leveraging the approved expansion space in alignment with seasonal occupancy trends.

Investment Highlights

  • 49,675 NRSF of Existing Storage
  • 3 Acres of Approved Expansion
  • No Known Facilities in Planning/Permitting within 10-mile Radius
  • No Website
  • 305 Existing Units
  • $90,612 Median Household Income Within 5-Mile Radius

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Financing By

Self-Storage Facility

Garrett County Self Storage

Listing Price: $4,200,000

Cap Rate
6.45%
Occupancy
77.0%
Rentable SF
49,675
Price/Rentable SF
$84.55
Year Built
1988

Investment Highlights

  • 49,675 NRSF of Existing Storage
  • 3 Acres of Approved Expansion
  • No Known Facilities in Planning/Permitting within 10-mile Radius
  • No Website
  • 305 Existing Units
  • $90,612 Median Household Income Within 5-Mile Radius

Investment Overview

Marcus & Millichap proudly presents for sale Garrett County Self Storage. Located at 1206 Mosser Rd in McHenry, Maryland, this meticulously maintained facility offers approximately 49,675 +/- net rentable square feet of versatile storage solutions, including drive-up, climate-controlled, boat & RV storage, and parking. Boasting an onsite management office and 3 acres of approved expansion space, it's a property primed for growth. Established in 1986, Garrett County Self Storage has a track record of excellence, maintaining high occupancy rates year-round. Demand is fueled by McHenry's allure as a beloved lake town, with seasonal activities driving winter occupancy even higher. Currently at 77% physical occupancy, ongoing leasing efforts target the lucrative 10x10 units segment. The McHenry self-storage market presents a great opportunity, with no imminent competitors within a 10-mile radius. Positioned off Garrett Highway, a key route connecting McHenry to Oakland, the facility enjoys steady traffic flow, particularly during the bustling summer months. Its strategic location, just 3 miles from Garrett County airport and close to Garrett College, ensures convenient accessibility. Investing in Garrett County Self Storage offers more than just a property; it's an opportunity to capitalize on a thriving vacation destination. Prospective buyers can unlock additional value by implementing revenue management strategies, automation enhancements, and leveraging the approved expansion space in alignment with seasonal occupancy trends.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

Financing By

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