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Self-Storage Facility

Middleton Self Storage

6 Lookout Ln, Middleton, MA 01949

Listing Price: $5,500,000

Cap Rate
5.80%
Number of Units
209
Occupancy
84.7%
Gross SF
27,625
Rentable SF
27,625
Price/Rentable SF
$199.10
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Middleton Self Storage located in Middleton, Massachusetts. The facility consists of 105 inside units, 50 outside units, and 47 dual access units totaling 27,625 net rentable square feet. This is a stabilized cash flowing facility that is currently 98 percent physically occupied. The property is fully secured with fencing, a keypad gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 63,334, which represents a 17 percent increase since 2000 and is expected to continue to grow over the next five years. They are the only self-storage facility within a three-mile radius. Lookout Lane is located off North Main Street which has a high daily traffic count of 27,200 cars per day.

Middleton Self Storage is being offered for $5.5 million or $199.10 per rentable square foot.

Investment Highlights

  • Boston, Massachusetts MSA Self-Storage Offering
  • 27,625 Net Rentable Square Feet
  • 105 Inside Units | 50 Outside Units | 47 Dual Access Units
  • Limited Competition: Only Self-Storage Facility Within a Three Mile Radius
  • Stabilized Facility: 98.51 Percent Physically Occupied

Exclusively Listed By

Self-Storage Facility

Middleton Self Storage

Listing Price: $5,500,000

Cap Rate
5.80%
Number of Units
209
Occupancy
84.7%
Gross SF
27,625
Rentable SF
27,625
Price/Rentable SF
$199.10
Year Built
2003

Investment Highlights

  • Boston, Massachusetts MSA Self-Storage Offering
  • 27,625 Net Rentable Square Feet
  • 105 Inside Units | 50 Outside Units | 47 Dual Access Units
  • Limited Competition: Only Self-Storage Facility Within a Three Mile Radius
  • Stabilized Facility: 98.51 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Middleton Self Storage located in Middleton, Massachusetts. The facility consists of 105 inside units, 50 outside units, and 47 dual access units totaling 27,625 net rentable square feet. This is a stabilized cash flowing facility that is currently 98 percent physically occupied. The property is fully secured with fencing, a keypad gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 63,334, which represents a 17 percent increase since 2000 and is expected to continue to grow over the next five years. They are the only self-storage facility within a three-mile radius. Lookout Lane is located off North Main Street which has a high daily traffic count of 27,200 cars per day.

Middleton Self Storage is being offered for $5.5 million or $199.10 per rentable square foot.

Exclusively Listed By

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