Skip to main content

Self-Storage Facility

NRI Self Storage

400 George Washington Hwy, Smithfield, RI 02917

Listing Price: $10,000,000

Cap Rate
5.43%
Number of Units
440
Occupancy
92.3%
Gross SF
58,100
Rentable SF
58,100
Price/Rentable SF
$172.12
Year Built
2003

Investment Overview

Northern Rhode Island Self Storage located in Smithfield, Rhode Island. The facility features 147 climate-controlled units and 293 non-climate controlled units, totaling 58,100 net rentable square feet. They also offer 117 parking spaces for rent. This is a stabilized and cash-flowing facility with a current physical occupancy of 96 percent. The property is fully fenced with an on-site management office, 24-hour video surveillance, and individual door alarms.

The location of this facility benefits from an affluent and dense surrounding population and is located about 10 miles north-west of Providence, Rhode Island. They are conveniently located off Route 295 and Route 146 which provides easy access to and from the facility for customers. This offers the facility great street frontage and high daily traffic counts of around 13,300 cars per day off Washington Highway and 61,300 cars per day off Route 295.

Northern Rhode Island is being offered for $10,000,000 or $172.12 per rentable square foot.

Investment Highlights

  • Providence, Rhode Island MSA Stabilized Self Storage Offering With Upside
  • 58,100 Net Rentable Square Feet
  • 147 Climate Controlled Units | 293 Non-Climate Controlled Units
  • 117 Parking Spaces
  • Stabilized: 96.01 Percent Physical Occupancy | 92.26 Percent Economic Occupancy

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s) RI: REC.0018863

    Rhode Island

Listing Price: $10,000,000

Cap Rate
5.43%
Number of Units
440
Occupancy
92.3%
Gross SF
58,100
Rentable SF
58,100
Price/Rentable SF
$172.12
Year Built
2003

Investment Highlights

  • Providence, Rhode Island MSA Stabilized Self Storage Offering With Upside
  • 58,100 Net Rentable Square Feet
  • 147 Climate Controlled Units | 293 Non-Climate Controlled Units
  • 117 Parking Spaces
  • Stabilized: 96.01 Percent Physical Occupancy | 92.26 Percent Economic Occupancy

Investment Overview

Northern Rhode Island Self Storage located in Smithfield, Rhode Island. The facility features 147 climate-controlled units and 293 non-climate controlled units, totaling 58,100 net rentable square feet. They also offer 117 parking spaces for rent. This is a stabilized and cash-flowing facility with a current physical occupancy of 96 percent. The property is fully fenced with an on-site management office, 24-hour video surveillance, and individual door alarms.

The location of this facility benefits from an affluent and dense surrounding population and is located about 10 miles north-west of Providence, Rhode Island. They are conveniently located off Route 295 and Route 146 which provides easy access to and from the facility for customers. This offers the facility great street frontage and high daily traffic counts of around 13,300 cars per day off Washington Highway and 61,300 cars per day off Route 295.

Northern Rhode Island is being offered for $10,000,000 or $172.12 per rentable square foot.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s): RI: REC.0018863

    Rhode Island

MM Texture Background
MM Textured Background Lower