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Self-Storage Facility

Groveland Self Storage

15 Nelson St, Groveland, MA 01834

Listing Price: $4,500,000

Cap Rate
4.87%
Number of Units
409
Occupancy
75.0%
Gross SF
61,600
Rentable SF
61,600
Price/Rentable SF
$73.05
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Groveland Self Storage located in Groveland, Massachusetts. The facility currently has 8,700 net rentable square feet across 55 non-climate-controlled units. There are approved plans in place for an expansion consisting of 244 climate-controlled units and 110 non-climate-controlled units that would add an additional 52,900 net rentable square feet. This is an undersaturated storage market with a high barrier to entry that presents an investor with a good opportunity to expand this site.

Investment Highlights

  • Boston MSA Self-Storage Offering
  • Currently 8,700 Net Rentable Square Feet and 55 Non-Climate-Controlled Units
  • Approved Plans in Place for an Expansion Consisting of 244 Climate-Controlled Units and 110 Non-Climate-Controlled Totaling 52,900 Net Rentable Square Feet
  • Below Market Rents

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Financing By

Self-Storage Facility

Groveland Self Storage

Listing Price: $4,500,000

Cap Rate
4.87%
Number of Units
409
Occupancy
75.0%
Gross SF
61,600
Rentable SF
61,600
Price/Rentable SF
$73.05
Year Built
2020

Investment Highlights

  • Boston MSA Self-Storage Offering
  • Currently 8,700 Net Rentable Square Feet and 55 Non-Climate-Controlled Units
  • Approved Plans in Place for an Expansion Consisting of 244 Climate-Controlled Units and 110 Non-Climate-Controlled Totaling 52,900 Net Rentable Square Feet
  • Below Market Rents

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Groveland Self Storage located in Groveland, Massachusetts. The facility currently has 8,700 net rentable square feet across 55 non-climate-controlled units. There are approved plans in place for an expansion consisting of 244 climate-controlled units and 110 non-climate-controlled units that would add an additional 52,900 net rentable square feet. This is an undersaturated storage market with a high barrier to entry that presents an investor with a good opportunity to expand this site.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

Financing By

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