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Self-Storage Facility

Portland Storage Units

217 E Pearl St, Portland, IN 47371

Listing Price: $2,200,000

Cap Rate
6.34%
Number of Units
383
Occupancy
70.0%
Rentable SF
44,180
Price/Rentable SF
$49.80
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer for sale Portland Storage Units located in Portland, Indiana. This offering consists of two locations less than a mile apart. The two locations offer a combined 383 non-climate-controlled units, totaling 44,180 net rentable square feet. Both properties are stabilized and cash-flowing, and benefit from excellent street frontage and little competition in the area. The properties together occupy 3.58 acres of land and are located approximately 40 miles south of Fort Wayne, Indiana.

Investment Highlights

  • Portland, Indiana Self-Storage Offering
  • Consists of a Main Location and a Satellite Location - Less than One Mile Apart
  • 44,180 Net Rentable Square Feet
  • 383 Non-Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Self-Storage Facility

Portland Storage Units

Listing Price: $2,200,000

Cap Rate
6.34%
Number of Units
383
Occupancy
70.0%
Rentable SF
44,180
Price/Rentable SF
$49.80
Year Built
1985

Investment Highlights

  • Portland, Indiana Self-Storage Offering
  • Consists of a Main Location and a Satellite Location - Less than One Mile Apart
  • 44,180 Net Rentable Square Feet
  • 383 Non-Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to offer for sale Portland Storage Units located in Portland, Indiana. This offering consists of two locations less than a mile apart. The two locations offer a combined 383 non-climate-controlled units, totaling 44,180 net rentable square feet. Both properties are stabilized and cash-flowing, and benefit from excellent street frontage and little competition in the area. The properties together occupy 3.58 acres of land and are located approximately 40 miles south of Fort Wayne, Indiana.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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