Self-Storage Facility
Boston MSA Storage Conversion Opportunity
137 Perkins Ave, Brockton, MA 02302
Listing Price: $3,900,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a fully approved and permitted self storage conversion opportunity in the Boston, Massachusetts MSA. This property consists of one, 5 story building that is permitted and ready to convert into a state of the art storage facility featuring 992 climate controlled units totaling 93.670 rentable square feet. This is an undersaturated storage market with no other facilities within a one mile radius and 4.22 net rentable square feet per capita within a three mile radius. The Boston MSA is ranked top 10 nationally as a housing hot spot and top market by the National Association of REALTORS.
Boston MSA Storage Conversion Opportunity
Investment Highlights
- Fully approved and permitted self storage conversion site within the Boston, MA MSA.
- Permits approved for 992 climate controlled units, 93,670 NRSF of Climate Controlled Storage
- 164,000 5-mile population
- No competition within 1 mile of the site
- Multiple new or planned housing developments in the immediate area totaling over 2,500 total units.
- Low saturation - 4.22 SF/person in the 3-mile radius (2.5 SF/person - Climate control), 6.38 SF/person in the 5-mile radius (2.37 SF/person - Climate Control)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,900,000
Investment Highlights
- Fully approved and permitted self storage conversion site within the Boston, MA MSA.
- Permits approved for 992 climate controlled units, 93,670 NRSF of Climate Controlled Storage
- 164,000 5-mile population
- No competition within 1 mile of the site
- Multiple new or planned housing developments in the immediate area totaling over 2,500 total units.
- Low saturation - 4.22 SF/person in the 3-mile radius (2.5 SF/person - Climate control), 6.38 SF/person in the 5-mile radius (2.37 SF/person - Climate Control)
Investment Overview
Marcus & Millichap is pleased to offer for sale a fully approved and permitted self storage conversion opportunity in the Boston, Massachusetts MSA. This property consists of one, 5 story building that is permitted and ready to convert into a state of the art storage facility featuring 992 climate controlled units totaling 93.670 rentable square feet. This is an undersaturated storage market with no other facilities within a one mile radius and 4.22 net rentable square feet per capita within a three mile radius. The Boston MSA is ranked top 10 nationally as a housing hot spot and top market by the National Association of REALTORS.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Vice President/Regional Manager
Financing By
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