Self-Storage Facility
Radiant Storage
21 Terminal Way, Norwich, CT 06360
Listing Price: $6,620,000
Investment Overview
Radiant Storage is a 347-unit, 35,168 NRSF self-storage facility in Norwich, CT. The property is
a four-story building that was initially constructed in 1930 and renovated into a storage facility
in 1979. 100 percent of the units are climate-controlled. The facility sits on about 7/10ths of
an acre and features numerous amenities including, but not limited to, a full-service manager’s
office and showroom, an asphalt parking area, units with roll-up doors, and video surveillance
cameras throughout the property. Additionally, ownership installed a new roof in 2022.
Radiant Storage
Investment Highlights
- The facility is over 90 percent physically occupied and the achieved Rental Income has improved by nearly 22 percent over the past 24 months. Collections are up 10 percent year over year.
- Norwich, CT is home to two resort casinos, a minor league baseball team and a WNBA franchise. It's also a center for secondary school education and healthcare in the eastern part of the state.
- New roof was put on in 2022.
Exclusively Listed By
Listing Price: $6,620,000
Investment Highlights
- The facility is over 90 percent physically occupied and the achieved Rental Income has improved by nearly 22 percent over the past 24 months. Collections are up 10 percent year over year.
- Norwich, CT is home to two resort casinos, a minor league baseball team and a WNBA franchise. It's also a center for secondary school education and healthcare in the eastern part of the state.
- New roof was put on in 2022.
Investment Overview
Radiant Storage is a 347-unit, 35,168 NRSF self-storage facility in Norwich, CT. The property is a four-story building that was initially constructed in 1930 and renovated into a storage facility in 1979. 100 percent of the units are climate-controlled. The facility sits on about 7/10ths of an acre and features numerous amenities including, but not limited to, a full-service manager’s office and showroom, an asphalt parking area, units with roll-up doors, and video surveillance cameras throughout the property. Additionally, ownership installed a new roof in 2022.
Exclusively Listed By
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