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Self-Storage Facility

CubeSmart Self Storage (Managed)

211 E Pleasant St, Baltimore, MD 21202

Listing Price: $15,000,000

Cap Rate
3.07%
Number of Units
1,000
Occupancy
54.5%
Gross SF
104,809
Rentable SF
104,809
Price/Rentable SF
$143.12
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in the heart of downtown Baltimore, Maryland. The facility consists of 245 climate-controlled units and 921 non-climate-controlled units totaling 104,809 net rentable square feet. This is a stabilized cash flowing facility that is currently 83 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office.

The location of this facility benefits from an extremely dense surrounding population. The population within five miles of the facility is 532,756, and within three miles of the facility is 263,623. They are surrounded by lots of restaurants, retail stores, hospitals, businesses, banks, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 8,000 cars per day off East Pleasant Street.

CubeSmart Self Storage (Managed) is being offered for $15 million or $143.12 per rentable square foot.

Investment Highlights

  • Stabilized Downtown Baltimore Self-Storage Offering With Upside
  • 104,809 Net Rentable Square Feet
  • 245 Climate-Controlled Units | 921 Non-Climate-Controlled Units
  • 83 Percent Physically Occupied
  • Undersupplied Self-Storage Market

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

CubeSmart Self Storage (Managed)

Listing Price: $15,000,000

Cap Rate
3.07%
Number of Units
1,000
Occupancy
54.5%
Gross SF
104,809
Rentable SF
104,809
Price/Rentable SF
$143.12
Year Built
1984

Investment Highlights

  • Stabilized Downtown Baltimore Self-Storage Offering With Upside
  • 104,809 Net Rentable Square Feet
  • 245 Climate-Controlled Units | 921 Non-Climate-Controlled Units
  • 83 Percent Physically Occupied
  • Undersupplied Self-Storage Market

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in the heart of downtown Baltimore, Maryland. The facility consists of 245 climate-controlled units and 921 non-climate-controlled units totaling 104,809 net rentable square feet. This is a stabilized cash flowing facility that is currently 83 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office.

The location of this facility benefits from an extremely dense surrounding population. The population within five miles of the facility is 532,756, and within three miles of the facility is 263,623. They are surrounded by lots of restaurants, retail stores, hospitals, businesses, banks, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 8,000 cars per day off East Pleasant Street.

CubeSmart Self Storage (Managed) is being offered for $15 million or $143.12 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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