Self-Storage Facility

JMC Self-Storage - Windham

964 Roosevelt Trail, Windham, ME 04062

Listing Price: $3,625,000

Cap Rate
6.48%
Occupancy
80.90%
Year Built
1987

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 of these facilities are in growing surrounding populations and are located on busy streets with businesses, retail stores, neighborhoods and restaurants nearby.

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

Investment Highlights

  • Four Stabilized Self Storage Facilities With Upside in Southern Maine
  • 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

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    License(s): ME: DB904355

    Maine

Self-Storage Facility

JMC Self-Storage - Windham

Listing Price: $3,625,000

Cap Rate
6.48%
Occupancy
80.90%
Year Built
1987

Investment Highlights

  • Four Stabilized Self Storage Facilities With Upside in Southern Maine
  • 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

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 of these facilities are in growing surrounding populations and are located on busy streets with businesses, retail stores, neighborhoods and restaurants nearby.

The 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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