Self-Storage Facility
Groveland Self Storage
15 Nelson St, Groveland, MA 01834
Listing Price: $4,500,000
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.
Groveland Self Storage
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
Listing Price: $4,500,000
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.
