Self-Storage Facility

JMC Self-Storage - Auburn

23 Goldthwaite Rd, Auburn, ME 04210

Listing Price: $2,275,000

Cap Rate
6.50%
Occupancy
81.0%
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to offer for sale this Maine Stabilized Four Property Portfolio. These facilities have 793 total combined units, totaling 92,275 net rentable square feet. These properties are stabilized, cash-flowing facilities with a combined physical occupancy of 93.95 percent. The Oxford location is brand new and the Auburn and Windham locations are recently new builds as well. The Windham location is the only location that currently has climate-controlled units.

The storage facilities are all within 20 miles of each other besides the Sanford location which is about 40 to 60 miles away from the other three locations. All these facilities are in growing surrounding populations and are located on busy streets with businesses, retail stores, neighborhoods and restaurants nearby.

Maine Stabilized Four Property Portfolio is being offered for $9,000,000 or $97.53 per rentable square foot.

Investment Highlights

  • 92,275 Combined Net Rentable Square Feet | 793 Total Units
  • Combined Physical Occupancy of 93.95 Percent
  • Below Market Rents at Most Facilities - Upside Through Raising Rents
  • Professional Management Offices at Three of the Four Sites
  • Four Stabilized Self Storage Facilities With Upside in Southern Maine

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    License(s): ME: DB904355

    Maine

Self-Storage Facility

JMC Self-Storage - Auburn

Listing Price: $2,275,000

Cap Rate
6.50%
Occupancy
81.0%
Year Built
2014

Investment Highlights

  • 92,275 Combined Net Rentable Square Feet | 793 Total Units
  • Combined Physical Occupancy of 93.95 Percent
  • Below Market Rents at Most Facilities - Upside Through Raising Rents
  • Professional Management Offices at Three of the Four Sites
  • Four Stabilized Self Storage Facilities With Upside in Southern Maine

Investment Overview

Marcus & Millichap is pleased to offer for sale this Maine Stabilized Four Property Portfolio. These facilities have 793 total combined units, totaling 92,275 net rentable square feet. These properties are stabilized, cash-flowing facilities with a combined physical occupancy of 93.95 percent. The Oxford location is brand new and the Auburn and Windham locations are recently new builds as well. The Windham location is the only location that currently has climate-controlled units.

The storage facilities are all within 20 miles of each other besides the Sanford location which is about 40 to 60 miles away from the other three locations. All these facilities are in growing surrounding populations and are located on busy streets with businesses, retail stores, neighborhoods and restaurants nearby.

Maine Stabilized Four Property Portfolio is being offered for $9,000,000 or $97.53 per rentable square foot.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    License(s): ME: DB904355

    Maine

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