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Self-Storage Facility

Clapper Road Storage

4 Clapper Rd, Milton, VT 05468

Listing Price: $2,000,000

Cap Rate
6.61%
Number of Units
168
Occupancy
90.0%
Rentable SF
15,570
Price/Rentable SF
$128.45
Year Built
2003

Investment Overview

Clapper Road Storage is a 168-Unit Mini-Storage Facility located in Milton, VT - a suburb of Burlington. The parcel is 3.24 Acres and is located just off of VT-7. The property is also home to 802 Auto Sales/Service Center, and a 3-Bedroom Home which together add $45,000 of net income annually. The property was constructed in 2003, and has been fully occupied for over a decade. Rents are approximately 10% below market, and the site currently has no online presence/marketing. The additional land on the site could be used for an additional 9800 NRSF of Contractor-Style Storage.

Investment Highlights

  • Located 12 Miles From Burlington, VT - Most Populous City in State
  • Median Household Income of $114,000 in 5-Mile Radius
  • 100% Occupied For 10 Years +
  • Includes Land For Additional 9800 NRSF of Contractor-Style Storage
  • Seller Financing Available
  • 15,750 NRSF of Self-Storage on 3.24 Acre Parcel

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Financing By

Self-Storage Facility

Clapper Road Storage

Listing Price: $2,000,000

Cap Rate
6.61%
Number of Units
168
Occupancy
90.0%
Rentable SF
15,570
Price/Rentable SF
$128.45
Year Built
2003

Investment Highlights

  • Located 12 Miles From Burlington, VT - Most Populous City in State
  • Median Household Income of $114,000 in 5-Mile Radius
  • 100% Occupied For 10 Years +
  • Includes Land For Additional 9800 NRSF of Contractor-Style Storage
  • Seller Financing Available
  • 15,750 NRSF of Self-Storage on 3.24 Acre Parcel

Investment Overview

Clapper Road Storage is a 168-Unit Mini-Storage Facility located in Milton, VT - a suburb of Burlington. The parcel is 3.24 Acres and is located just off of VT-7. The property is also home to 802 Auto Sales/Service Center, and a 3-Bedroom Home which together add $45,000 of net income annually. The property was constructed in 2003, and has been fully occupied for over a decade. Rents are approximately 10% below market, and the site currently has no online presence/marketing. The additional land on the site could be used for an additional 9800 NRSF of Contractor-Style Storage.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

Financing By

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