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Self-Storage Facility

Wells, ME Storage Opportunity

71 Spencer Dr, Wells, ME 04090

Listing Price: $1,300,000

Cap Rate
2.27%
Number of Units
523
Occupancy
50.0%
Rentable SF
67,989
Price/Rentable SF
$19.12
Year Built
2024

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Wells, Maine Development Opportunity located in the affluent resort town of Wells, Maine which is in southern Maine near Kennebunk and Kennebunkport. The site is approved for 67,989 net rentable square feet with 313 climate controlled units and 210 non-climate controlled units. Wells is an affluent area that sees a large population boom in the summer months with vacationers in town.

Investment Highlights

  • Southern Maine Fully Entitled Self Storage Development Opportunity
  • Located in the Affluent and Growing Resort Town of Wells
  • Approved for 67,989 Net Rentable Square Feet
  • 313 Climate-Controlled Units and 210 Non-Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) ME: DB927980

    Maine

Financing By

Self-Storage Facility

Wells, ME Storage Opportunity

Listing Price: $1,300,000

Cap Rate
2.27%
Number of Units
523
Occupancy
50.0%
Rentable SF
67,989
Price/Rentable SF
$19.12
Year Built
2024

Investment Highlights

  • Southern Maine Fully Entitled Self Storage Development Opportunity
  • Located in the Affluent and Growing Resort Town of Wells
  • Approved for 67,989 Net Rentable Square Feet
  • 313 Climate-Controlled Units and 210 Non-Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Wells, Maine Development Opportunity located in the affluent resort town of Wells, Maine which is in southern Maine near Kennebunk and Kennebunkport. The site is approved for 67,989 net rentable square feet with 313 climate controlled units and 210 non-climate controlled units. Wells is an affluent area that sees a large population boom in the summer months with vacationers in town.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): ME: DB927980

    Maine

Financing By

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