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Self-Storage Facility

A-1 Meriden Road Self Storage

990 Meriden Rd, Waterbury, CT 06705

Listing Price: $2,550,000

Cap Rate
6.48%
Number of Units
228
Occupancy
77.5%
Gross SF
19,150
Rentable SF
19,150
Price/Rentable SF
$133.16
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to offer for sale A-1 Meriden Road Self Storage located in Waterbury, Connecticut. This property was built in 2000 and features 77 climate controlled units and 134 non-climate controlled units totaling 19,150 net rentable square feet. This property benefits from a dense and undersaturated surrounding population with room for expansion. A-1 Meriden Road Self Storage sits on 2.12 acres of land and is located about 21 miles south-west of Hartford, Connecticut.

Investment Highlights

  • Southwestern Connecticut Stabilized Self-Storage Offering with Upside
  • Higher Yield Self Storage Offering
  • 100 Percent Physical Occupancy
  • Very Undersupplied Self-Storage Market Should Allow for Continued Rent Increases
  • 2.74 Net Rentable Square Feet of Self-Storage per Capita Within Five Miles

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s) CT: REB.0752012

    Connecticut

Self-Storage Facility

A-1 Meriden Road Self Storage

Listing Price: $2,550,000

Cap Rate
6.48%
Number of Units
228
Occupancy
77.5%
Gross SF
19,150
Rentable SF
19,150
Price/Rentable SF
$133.16
Year Built
2000

Investment Highlights

  • Southwestern Connecticut Stabilized Self-Storage Offering with Upside
  • Higher Yield Self Storage Offering
  • 100 Percent Physical Occupancy
  • Very Undersupplied Self-Storage Market Should Allow for Continued Rent Increases
  • 2.74 Net Rentable Square Feet of Self-Storage per Capita Within Five Miles

Investment Overview

Marcus & Millichap is pleased to offer for sale A-1 Meriden Road Self Storage located in Waterbury, Connecticut. This property was built in 2000 and features 77 climate controlled units and 134 non-climate controlled units totaling 19,150 net rentable square feet. This property benefits from a dense and undersaturated surrounding population with room for expansion. A-1 Meriden Road Self Storage sits on 2.12 acres of land and is located about 21 miles south-west of Hartford, Connecticut.

Exclusively Listed By

Broker of Record

  • John Krueger

    Vice President / Regional Manager

    (203) 672-3300

    License(s): CT: REB.0752012

    Connecticut

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