Investment Overview

Marcus & Millichap is pleased to exclusively offer the Bear Self-Storage Portfolio, a four-property self-storage portfolio located in Northern New Hampshire, comprising facilities in Lancaster, Northumberland, Gorham, and Groveton. This is a rare opportunity to acquire a regionally clustered portfolio in supply-constrained submarkets with stable in-place income and multiple avenues for value creation. The portfolio is being offed at a listing price of $3,600,000, which reflects an attractive basis of approximately $77.84 per square foot and a Year 1 cap rate of 6.85%. In- place operations are supported by over $389,280 in projected gross potential rent, with upside from continued lease-up, rate adjustments, and improved operating efficiency. Each facility benefits from local market presence, with limited nearby competition and steady demand from residential, commercial, and seasonal user bases. While modest in scale, the properties are ideally positioned to be operated collectively, enabling centralized oversight and potential cost efficiencies. Basic capital improvements—such as driveway repaving, exterior painting, and office enhancements—can help elevate the tenant experience and further support rent growth. With minimal investment, the portfolio presents an opportunity for an investor to generate solid returns in a region where storage development is limited and demand remains consistent.