Self-Storage Facility
Grove Street Self Storage
61 Grove St, Gloucester, MA 01930
Listing Price: $7,750,000
Investment Overview
Marcus & Millichap is pleased to offer for sale Grove Street Self Storage located in Gloucester, Massachusetts, approximately 27 miles northeast of downtown Boston. The site features 151 climate-controlled units, 78 non-climate-controlled units, five leased contractor spaces, and 20 outdoor parking spaces totaling 33,317 net rentable square feet. The site was built in 2023 and there is a new 20 year solar lease adding $24,000 in additional annual income.
Grove Street Self Storage
Investment Highlights
- Boston, Massachusetts MSA Recently Constructed Self-Storage Offering with Upside
- Located Approximately 27 Miles Northeast of Downtown Boston in the Growing and Affluent Town of Gloucester, Massachusetts
- 33,317 Net Rentable Square Feet
- 151 Climate Controlled Units, 78 Non-Climate Controlled Drive-Up Units, Five Leased Contractor Spaces, and 20 Uncovered Outdoor Parking Spaces
Listing Price: $7,750,000
Investment Highlights
- Boston, Massachusetts MSA Recently Constructed Self-Storage Offering with Upside
- Located Approximately 27 Miles Northeast of Downtown Boston in the Growing and Affluent Town of Gloucester, Massachusetts
- 33,317 Net Rentable Square Feet
- 151 Climate Controlled Units, 78 Non-Climate Controlled Drive-Up Units, Five Leased Contractor Spaces, and 20 Uncovered Outdoor Parking Spaces
Investment Overview
Marcus & Millichap is pleased to offer for sale Grove Street Self Storage located in Gloucester, Massachusetts, approximately 27 miles northeast of downtown Boston. The site features 151 climate-controlled units, 78 non-climate-controlled units, five leased contractor spaces, and 20 outdoor parking spaces totaling 33,317 net rentable square feet. The site was built in 2023 and there is a new 20 year solar lease adding $24,000 in additional annual income.
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