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Self-Storage Facility

All Purpose Storage - East Haven

42 Thompson St, East Haven, CT 06513

Listing Price: $3,000,000

Cap Rate
5.99%
Number of Units
128
Occupancy
98.0%
Rentable SF
27,326
Price/Rentable SF
$109.79
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale All Purpose Storage East Haven located just three miles from downtown New Haven at 42 Thompson Street in East Haven, Connecticut. The facility currently features 114 non-climate-controlled units that make up 15,808 net rentable square feet. Additionally, there are five retail units, three office spaces, three apartment units, and three warehouse units. The facility was opened in 1987, was renovated in 2002, and is situated on 1.55 acres of land. The facility has been able to maintain strong historical occupancy rates and is currently 97.66 percent physically occupied.

Investment Highlights

  • Southern Connecticut Stabilized Self-Storage Facility
  • 97.66 Percent Physical Occupancy
  • Undersupplied Self Storage Market: Only 5.41 Net Rentable Square Feet Per Capita Within Five Miles
  • Opportunity to Greatly Increase Tenant Insurance Revenue and Drive Other Ancillary Income Streams

Exclusively Listed By

Financing By

Self-Storage Facility

All Purpose Storage - East Haven

Listing Price: $3,000,000

Cap Rate
5.99%
Number of Units
128
Occupancy
98.0%
Rentable SF
27,326
Price/Rentable SF
$109.79
Year Built
1987

Investment Highlights

  • Southern Connecticut Stabilized Self-Storage Facility
  • 97.66 Percent Physical Occupancy
  • Undersupplied Self Storage Market: Only 5.41 Net Rentable Square Feet Per Capita Within Five Miles
  • Opportunity to Greatly Increase Tenant Insurance Revenue and Drive Other Ancillary Income Streams

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale All Purpose Storage East Haven located just three miles from downtown New Haven at 42 Thompson Street in East Haven, Connecticut. The facility currently features 114 non-climate-controlled units that make up 15,808 net rentable square feet. Additionally, there are five retail units, three office spaces, three apartment units, and three warehouse units. The facility was opened in 1987, was renovated in 2002, and is situated on 1.55 acres of land. The facility has been able to maintain strong historical occupancy rates and is currently 97.66 percent physically occupied.

Exclusively Listed By

Financing By

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