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Self-Storage Facility

Coccomo Storage

145 Coccomo Cir, New Britain, CT 06051

Listing Price: $1,100,000

Cap Rate
6.54%
Number of Units
33
Occupancy
100.0%
Rentable SF
9,350
Price/Rentable SF
$117.65
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of Coccomo Storage in New Britain, CT, on the sale of their property. Coccomo Storage is a state-of-the-art storage facility in New Britain, less than 15 miles outside of Hartford, CT. This property holds 33 drive-up non-climate controlled units, ranging in size from 5x10 to 10x45, with an average unit size of 283 SF. The large average square foot unit mix promotes longer term commercial renters. The property is 100% fully occupied, and is the only facility in New Britain offering units larger than 400 SF. The site has gated entry and security cameras monitoring property activity. The site is currently being managed remotely, but could benefit from an in-person presence. Coccomo Storage is a great entry-level facility for a local real estate investor looking to enter Self-Storage, but could also serve as a satellite location for an existing facility in the area.

Investment Highlights

  • Highly visible from CT State Route 9 (Passed by 60,100 Cars Per Day)
  • Average Unit Size of 283 SF (Market Avg. is 135 SF)
  • Re-graveled and Repainted In August of 2022
  • 100% Occupied

Exclusively Listed By

Financing By

Self-Storage Facility

Coccomo Storage

Listing Price: $1,100,000

Cap Rate
6.54%
Number of Units
33
Occupancy
100.0%
Rentable SF
9,350
Price/Rentable SF
$117.65
Year Built
1980

Investment Highlights

  • Highly visible from CT State Route 9 (Passed by 60,100 Cars Per Day)
  • Average Unit Size of 283 SF (Market Avg. is 135 SF)
  • Re-graveled and Repainted In August of 2022
  • 100% Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of Coccomo Storage in New Britain, CT, on the sale of their property. Coccomo Storage is a state-of-the-art storage facility in New Britain, less than 15 miles outside of Hartford, CT. This property holds 33 drive-up non-climate controlled units, ranging in size from 5x10 to 10x45, with an average unit size of 283 SF. The large average square foot unit mix promotes longer term commercial renters. The property is 100% fully occupied, and is the only facility in New Britain offering units larger than 400 SF. The site has gated entry and security cameras monitoring property activity. The site is currently being managed remotely, but could benefit from an in-person presence. Coccomo Storage is a great entry-level facility for a local real estate investor looking to enter Self-Storage, but could also serve as a satellite location for an existing facility in the area.

Exclusively Listed By

Financing By

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