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Self-Storage Facility

CubeSmart Self Storage (Managed)

1280 Jefferson Blvd, Warwick, RI 02886

Listing Price: $15,000,000

Cap Rate
3.41%
Number of Units
445
Occupancy
60.0%
Rentable SF
44,428
Price/Rentable SF
$337.62
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Warwick, Rhode Island. The facility consists of 445 climate-controlled units totaling 44,428 net rentable square feet. The facility was recently renovated and opened in February, 2022, and has already achieved 20 percent physical occupancy. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and affluent surrounding population. The population within five miles of the facility is 173,349, and the average household income is $90,821. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and Rhode Island T.F. Green International Airport. This offers the facility great street frontage and high daily traffic counts of around 20,300 cars per day off Jefferson Boulevard. CubeSmart Self Storage (Managed) is being offered for $15 million or $337.62 per rentable square foot.

Investment Highlights

  • Newly Renovated, Class A, All Climate-Controlled Self-Storage Facility
  • 44,428 Net Rentable Square Feet
  • 445 Climate-Controlled Units
  • Opened in February 2022

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Financing By

Self-Storage Facility

CubeSmart Self Storage (Managed)

Listing Price: $15,000,000

Cap Rate
3.41%
Number of Units
445
Occupancy
60.0%
Rentable SF
44,428
Price/Rentable SF
$337.62
Year Built
2022

Investment Highlights

  • Newly Renovated, Class A, All Climate-Controlled Self-Storage Facility
  • 44,428 Net Rentable Square Feet
  • 445 Climate-Controlled Units
  • Opened in February 2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Warwick, Rhode Island. The facility consists of 445 climate-controlled units totaling 44,428 net rentable square feet. The facility was recently renovated and opened in February, 2022, and has already achieved 20 percent physical occupancy. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and affluent surrounding population. The population within five miles of the facility is 173,349, and the average household income is $90,821. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and Rhode Island T.F. Green International Airport. This offers the facility great street frontage and high daily traffic counts of around 20,300 cars per day off Jefferson Boulevard. CubeSmart Self Storage (Managed) is being offered for $15 million or $337.62 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

Financing By

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