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Self-Storage Facility

Silver Brook Mill Storage

168 Elm St, Agawam, MA 01001

Listing Price: $1,350,000

Cap Rate
6.26%
Number of Units
40
Occupancy
90.0%
Gross SF
24,379
Rentable SF
22,734
Price/Rentable SF
$59.38
Year Built
1920

Investment Overview

Silver Brook Mill is a fully renovated adaptive reuse of a 19th Century sugar mill in the heart of Agawam's Historic District. Located less than 5 miles from downtown Springfield, MA. Property currently holds 42 units of climate controlled self storage, and has room for both indoor and outdoor storage expansion. Other tenants include a popular fitness center, painting, antique restoration, and hairdressing businesses. There's abundant opportunity for additional income when all land/space is utilized at this beautifully restored historic property.

Investment Highlights

  • Adaptive Reuse of 19th Century Sugar Mill on 3.43 Acres in Agawam, MA
  • Located less than 5 miles from Downtown Springfield
  • Fully occupied 42 Units of Climate Controlled Self Storage with Opportunity for Indoor/Outdoor Expansions
  • Tenants Include Popular Fitness Center, Painting, Restoration, and Hairdressing Businesses
  • New Roof, Windows, and LED Lighting Throughout

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Self-Storage Facility

Silver Brook Mill Storage

Listing Price: $1,350,000

Cap Rate
6.26%
Number of Units
40
Occupancy
90.0%
Gross SF
24,379
Rentable SF
22,734
Price/Rentable SF
$59.38
Year Built
1920

Investment Highlights

  • Adaptive Reuse of 19th Century Sugar Mill on 3.43 Acres in Agawam, MA
  • Located less than 5 miles from Downtown Springfield
  • Fully occupied 42 Units of Climate Controlled Self Storage with Opportunity for Indoor/Outdoor Expansions
  • Tenants Include Popular Fitness Center, Painting, Restoration, and Hairdressing Businesses
  • New Roof, Windows, and LED Lighting Throughout

Investment Overview

Silver Brook Mill is a fully renovated adaptive reuse of a 19th Century sugar mill in the heart of Agawam's Historic District. Located less than 5 miles from downtown Springfield, MA. Property currently holds 42 units of climate controlled self storage, and has room for both indoor and outdoor storage expansion. Other tenants include a popular fitness center, painting, antique restoration, and hairdressing businesses. There's abundant opportunity for additional income when all land/space is utilized at this beautifully restored historic property.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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