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Self-Storage Facility

Newtown, CT Storage Opportunity

8 Turnberry Ln, Newtown, CT 06482

Listing Price: $1,600,000

Cap Rate
4.22%
Number of Units
322
Occupancy
75.0%
Rentable SF
35,500
Price/Rentable SF
$45.07
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to offer for sale a self-storage opportunity located in Newtown, Connecticut. This property plans to feature 282 climate-controlled units and 40 non-climate units totaling 35,500 net rentable square-feet. This facility will benefit from an affluent, growing, and undersaturated surrounding population. The Newtown, Connecticut Storage Opportunity will sit on 2.59 acres of land and is located about 18 miles north-west of New Haven, Connecticut.

Investment Highlights

  • Newtown, Connecticut Self-Storage Opportunity
  • Proposed 35,500 Net Rentable Square-Feet, 282 Climate-Controlled Units, and 40 Non-Climate Units
  • Affluent Area - Average Household Income of $165,941 of People Living Within a One Mile Radius
  • Undersaturated Market - 5.64 Net Rentable Square-Feet per Person Living Within a Three Mile Radius

Exclusively Listed By

Financing By

Self-Storage Facility

Newtown, CT Storage Opportunity

Listing Price: $1,600,000

Cap Rate
4.22%
Number of Units
322
Occupancy
75.0%
Rentable SF
35,500
Price/Rentable SF
$45.07
Year Built
2022

Investment Highlights

  • Newtown, Connecticut Self-Storage Opportunity
  • Proposed 35,500 Net Rentable Square-Feet, 282 Climate-Controlled Units, and 40 Non-Climate Units
  • Affluent Area - Average Household Income of $165,941 of People Living Within a One Mile Radius
  • Undersaturated Market - 5.64 Net Rentable Square-Feet per Person Living Within a Three Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer for sale a self-storage opportunity located in Newtown, Connecticut. This property plans to feature 282 climate-controlled units and 40 non-climate units totaling 35,500 net rentable square-feet. This facility will benefit from an affluent, growing, and undersaturated surrounding population. The Newtown, Connecticut Storage Opportunity will sit on 2.59 acres of land and is located about 18 miles north-west of New Haven, Connecticut.

Exclusively Listed By

Financing By

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