Investment Overview

Marcus & Millichap proudly presents Boston Street Self Storage, an exciting investment opportunity located at 111 Locust Street, Lynn, MA 01904. This premier facility, classified as "Class A," recently completed construction on August 1st, 2023, boasting modern design and top-tier amenities. Featuring three levels, the facility offers a total of 502 units covering 56,275 NRSF, complemented by 10 outdoor parking spaces. With a generous 3.7 square feet per capita of storage space within a 3-mile radius and no known developments in the vicinity, Boston Street Self Storage enjoys a strategic advantage in a market characterized by limited supply. Presently in the lease-up phase, the facility demonstrates a physical occupancy of 40%, indicating substantial potential for growth and increased revenue. Situated within the prestigious Boston MSA, ranked 10th in the United States, the property benefits from a vibrant and diverse economic landscape. Amidst a densely populated area, Boston Street Self Storage serves approximately 146,500 residents within a 3-mile radius, highlighting the strong demand for Self Storage in the region. This demographic density underscores the property's potential for stable returns and long-term growth. With its prime location, modern amenities, and strategic positioning within a thriving market, Boston Street Self Storage represents a compelling opportunity for investors seeking to establish a solid presence and capitalize on the dynamic demand for storage solutions.