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Self-Storage Facility

All Purpose Storage

550 Beach Rd, Lincolnville, ME 04849

Listing Price: $3,900,000

Cap Rate
6.56%
Number of Units
270
Occupancy
80.0%
Gross SF
37,145
Rentable SF
37,145
Price/Rentable SF
$104.99
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale All Purpose Storage located thirty miles from Bangor at 550 Beach Road in Lincolnville, Maine. The facility currently features 25 climate-controlled units and 245 non-climate-controlled units that make up 37,145 net rentable square feet. The facility was recently expanded and is situated on nine acres of land, which would offer an investor the possibility of further expanding in the future.

Investment Highlights

  • Located 30 Miles from Bangor, Maine
  • 37,145 Net Rentable Square Feet
  • 270 Units
  • Already Achieved 80.21 Percent Physical Occupancy After a Recently Completed Expansion

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Financing By

Self-Storage Facility

All Purpose Storage

Listing Price: $3,900,000

Cap Rate
6.56%
Number of Units
270
Occupancy
80.0%
Gross SF
37,145
Rentable SF
37,145
Price/Rentable SF
$104.99
Year Built
2020

Investment Highlights

  • Located 30 Miles from Bangor, Maine
  • 37,145 Net Rentable Square Feet
  • 270 Units
  • Already Achieved 80.21 Percent Physical Occupancy After a Recently Completed Expansion

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale All Purpose Storage located thirty miles from Bangor at 550 Beach Road in Lincolnville, Maine. The facility currently features 25 climate-controlled units and 245 non-climate-controlled units that make up 37,145 net rentable square feet. The facility was recently expanded and is situated on nine acres of land, which would offer an investor the possibility of further expanding in the future.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

Financing By

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