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Self-Storage Facility

Coccomo Storage

145 Coccomo Cir, New Britain, CT 06051

Listing Price: $850,000

Cap Rate
6.24%
Number of Units
33
Occupancy
100.0%
Rentable SF
9,350
Price/Rentable SF
$90.91
Year Built
1980

Investment Overview

Coccomo Storage presents a prime opportunity to acquire a well-positioned, stabilized self-storage facility in the heart of New Britain, Connecticut. Located at 145 Coccomo Circle, this property benefits from excellent visibility, easy access to major thoroughfares, and strong surrounding demographics. Serving a densely populated 3-mile trade area of over 104,000 residents, Coccomo Storage is ideally situated to meet the growing demand for storage solutions in a supply-constrained market.

The property currently enjoys consistent occupancy and stable cash flow, with upside potential through strategic rate increases and operational efficiencies. Additionally, with self-storage supply at approximately 4.6 square feet per capita (including the active development pipeline), the local market remains below saturation levels, providing favorable market dynamics for continued revenue growth.

Situated in a community with a Median Household Income of $87,701, Coccomo Storage attracts a broad customer base ranging from residential renters to small businesses, students, and long-term tenants. Its strategic location near residential neighborhoods, commercial districts, and educational institutions offers consistent demand drivers for years to come.

Investment Highlights

  • Positioned at 145 Coccomo Circle with easy access to major roads and dense residential areas in New Britain, CT.
  • Approximately 4.6 SF of storage per capita, including pipeline developments, indicating a healthy, undersupplied market.
  • Consistent tenant base with upside potential through rate optimization and operational improvements.
  • Serving a mix of residential tenants, small businesses, and students, providing resilient and predictable rental income.
  • Average unit size of 283 SF

Exclusively Listed By

Financing By

Self-Storage Facility

Coccomo Storage

Listing Price: $850,000

Cap Rate
6.24%
Number of Units
33
Occupancy
100.0%
Rentable SF
9,350
Price/Rentable SF
$90.91
Year Built
1980

Investment Highlights

  • Positioned at 145 Coccomo Circle with easy access to major roads and dense residential areas in New Britain, CT.
  • Approximately 4.6 SF of storage per capita, including pipeline developments, indicating a healthy, undersupplied market.
  • Consistent tenant base with upside potential through rate optimization and operational improvements.
  • Serving a mix of residential tenants, small businesses, and students, providing resilient and predictable rental income.
  • Average unit size of 283 SF

Investment Overview

Coccomo Storage presents a prime opportunity to acquire a well-positioned, stabilized self-storage facility in the heart of New Britain, Connecticut. Located at 145 Coccomo Circle, this property benefits from excellent visibility, easy access to major thoroughfares, and strong surrounding demographics. Serving a densely populated 3-mile trade area of over 104,000 residents, Coccomo Storage is ideally situated to meet the growing demand for storage solutions in a supply-constrained market. The property currently enjoys consistent occupancy and stable cash flow, with upside potential through strategic rate increases and operational efficiencies. Additionally, with self-storage supply at approximately 4.6 square feet per capita (including the active development pipeline), the local market remains below saturation levels, providing favorable market dynamics for continued revenue growth. Situated in a community with a Median Household Income of $87,701, Coccomo Storage attracts a broad customer base ranging from residential renters to small businesses, students, and long-term tenants. Its strategic location near residential neighborhoods, commercial districts, and educational institutions offers consistent demand drivers for years to come.

Exclusively Listed By

Financing By

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