Investment Overview

Marcus & Millichap is pleased to exclusively represent 495 Movers/Elkridge Storage in the sale of their Self-Storage facility. Elkridge Storage sits within a business park connected to route 1 which sees over 27,300 average vehicles per day. Elkridge Storage is currently operated within 495 Movers as a warehouse for their moving company which allows them to charge above average rates for the surrounding market. An investor would benefit from allowing their competitors (all of which are REITs) to drive rates and having this facility under those rates. With only 6.8 SF Per Capita within 3 miles & no new facilities in planning/permitting, this facility will benefit greatly from introducing below market rates to boost occupancy and drive revenue. Offers are being accepted immediately for this opportunity!