Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Life Storage (Managed) located in Merrimack, New Hampshire. This property is a brand new, Class A facility that features 448 non-climate-controlled units totaling 57,840 net rentable square feet. They opened in January 2022 and are already 52 percent physically occupied. The property is fully secured with keypad entry, 24-hour video surveillance, and an on-site professional management office. The location of this facility benefits from an extremely dense, affluent, and growing surrounding population. There are currently 108,664 people living within a five-mile radius of the facility which represents a 7 percent increase since 2000, and it is expected to continue to grow over the next five years. The property is located off a busy street and is nearby many restaurants, retail stores, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 11,500 cars per day. Life Storage (Managed) is being offered for $9,500,000 or $164.25 per rentable square foot.