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Self-Storage Facility

Coastal Mini Storage

7120 Old Waterloo Rd, Elkridge, MD 21075

Listing Price: $5,250,000

Cap Rate
6.49%
Number of Units
423
Occupancy
75.2%
Gross SF
39,435
Rentable SF
39,435
Price/Rentable SF
$133.13
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Coastal Mini Storage located in Elkridge, Maryland. The facility consists of 422 non-climate-controlled units and one vacant warehouse space totaling 39,435 net rentable square feet. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 190,824, which represents a 35 percent increase since 2000 and is expected to continue to grow over the next five years. The facility is located roughly 12 miles from the city of Baltimore and five miles from Baltimore/Washington International Thurgood Marshall Airport. US-Route 1 and Interstate 95 are located less than a mile from the facility. They are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores.

Coastal Mini Storage is being offered for $5.25 million or $133.13 per rentable square foot.

Investment Highlights

  • 39,435 Net Rentable Square Feet
  • 422 Non-Climate-Controlled Units
  • Stabilized Facility: 88 Percent Physically Occupied
  • Rental Rates are Below the Market Average
  • Very Well-Maintained Property

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Financing By

Self-Storage Facility

Coastal Mini Storage

Listing Price: $5,250,000

Cap Rate
6.49%
Number of Units
423
Occupancy
75.2%
Gross SF
39,435
Rentable SF
39,435
Price/Rentable SF
$133.13
Year Built
1983

Investment Highlights

  • 39,435 Net Rentable Square Feet
  • 422 Non-Climate-Controlled Units
  • Stabilized Facility: 88 Percent Physically Occupied
  • Rental Rates are Below the Market Average
  • Very Well-Maintained Property

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Coastal Mini Storage located in Elkridge, Maryland. The facility consists of 422 non-climate-controlled units and one vacant warehouse space totaling 39,435 net rentable square feet. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 190,824, which represents a 35 percent increase since 2000 and is expected to continue to grow over the next five years. The facility is located roughly 12 miles from the city of Baltimore and five miles from Baltimore/Washington International Thurgood Marshall Airport. US-Route 1 and Interstate 95 are located less than a mile from the facility. They are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores.

Coastal Mini Storage is being offered for $5.25 million or $133.13 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

Financing By

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