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Self-Storage Facility

Route 4 Self Storage

50 Pit Rd, Turner, ME 04282

Listing Price: $3,100,000

Cap Rate
1.94%
Number of Units
215
Occupancy
76.0%
Rentable SF
32,850
Price/Rentable SF
$94.37
Year Built
1900

Investment Overview

Marcus & Millichap is pleased to offer for sale a four property portfolio located in southern Maine. This portfolio combines to feature 760 non-climate-controlled units totaling 95,775 net rentable square feet. This portfolio benefits from room for expansion and growing surrounding populations. The Maine Four Property Portfolio combines to sit on 30.54 acres of land and are separated by about 30 miles.

Investment Highlights

  • Southern Maine Four Property Portfolio with Large Upside
  • Combined 95,775 Net Rentable Square Feet | 760 Total Units
  • Room for Expansion at the Turner, Chelsea, and Wales Locations
  • Below Market Rents

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Financing By

Self-Storage Facility

Route 4 Self Storage

Listing Price: $3,100,000

Cap Rate
1.94%
Number of Units
215
Occupancy
76.0%
Rentable SF
32,850
Price/Rentable SF
$94.37
Year Built
1900

Investment Highlights

  • Southern Maine Four Property Portfolio with Large Upside
  • Combined 95,775 Net Rentable Square Feet | 760 Total Units
  • Room for Expansion at the Turner, Chelsea, and Wales Locations
  • Below Market Rents

Investment Overview

Marcus & Millichap is pleased to offer for sale a four property portfolio located in southern Maine. This portfolio combines to feature 760 non-climate-controlled units totaling 95,775 net rentable square feet. This portfolio benefits from room for expansion and growing surrounding populations. The Maine Four Property Portfolio combines to sit on 30.54 acres of land and are separated by about 30 miles.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

Financing By

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