Self-Storage Facility
CubeSmart Self Storage (Managed)
93 VT-106, Springfield, VT 05150
Listing Price: $4,600,000
Investment Overview
Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in North Springfield, Vermont. This facility features 197 non-climate-controlled units and one outdoor equipment storage space on a long-term lease to a cell tower company, totaling 27,025 net rentable square feet. The site has very limited competition, with no other facilities within almost six miles. The site has had strong historical occupancy and there are plans for an expansion as well that would add an additional 16,800 net rentable square feet.
CubeSmart Self Storage (Managed)
Investment Highlights
- North Springfield, Vermont Self-Storage Offering
- 27,025 Net Rentable Square Feet
- 197 Non-Climate-Controlled Drive-Up Self-Storage Units and One Outdoor Equipment Storage Space on a Long-Term Lease to a Cell Tower Company
- Excellent Visibility Along Vermont Route 106 (Approximately 7,800 Vehicles per Day)
- Limited Competition: Nearest Self-Storage Facility is Located Nearly Six Miles Away and There are No Institutional Competitors
Listing Price: $4,600,000
Investment Highlights
- North Springfield, Vermont Self-Storage Offering
- 27,025 Net Rentable Square Feet
- 197 Non-Climate-Controlled Drive-Up Self-Storage Units and One Outdoor Equipment Storage Space on a Long-Term Lease to a Cell Tower Company
- Excellent Visibility Along Vermont Route 106 (Approximately 7,800 Vehicles per Day)
- Limited Competition: Nearest Self-Storage Facility is Located Nearly Six Miles Away and There are No Institutional Competitors
Investment Overview
Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in North Springfield, Vermont. This facility features 197 non-climate-controlled units and one outdoor equipment storage space on a long-term lease to a cell tower company, totaling 27,025 net rentable square feet. The site has very limited competition, with no other facilities within almost six miles. The site has had strong historical occupancy and there are plans for an expansion as well that would add an additional 16,800 net rentable square feet.
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