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Self-Storage Facility

Atrium Storage 2 Property Portfolio

1010 Poquonnock Rd, Groton, CT 06340

Listing Price: $2,250,000

Cap Rate
5.65%
Number of Units
178
Occupancy
86.0%
Rentable SF
13,750
Price/Rentable SF
$163.64
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Atrium Storage Portfolio which consists of two locations just 2.80 miles apart in Groton, Connecticut. The two facilities combined feature 178 non-climate-controlled units totaling 13,750 net rentable square feet. These are stabilized and cash flowing facilities that are currently 85 percent physically occupied. The properties are fully fenced and include keypad access for interior units and 24-hour video surveillance. Located just 45 miles from New Haven, Connecticut these facilities benefit from a dense surrounding population. The population within five miles of the facilities is 77,524. Groton is home to General Dynamics Electric Boat, which is a major submarine contractor for the United States Navy. It is also home to the Naval Submarine Base in New London which is the primary U.S. Navy submarine base on the east coast. They are located off busy streets and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facilities great street frontage and high daily traffic counts of around 10,200 cars per day off Gold Star Highway and 13,400 cars per day off Poquonnock Road. Atrium Storage Portfolio is being offered for $2,250,000 or $163.64 per rentable square foot.

Investment Highlights

  • Eastern Connecticut, Two Property Self-Storage Portfolio
  • The Facilities are Located Just 2.80 Miles Apart
  • 13,750 Combined Net Rentable Square Feet
  • 178 Combined Non-Climate Controlled Units
  • Stabilized Facilities: 85 Percent Physically Occupied

Exclusively Listed By

Financing By

Self-Storage Facility

Atrium Storage 2 Property Portfolio

Listing Price: $2,250,000

Cap Rate
5.65%
Number of Units
178
Occupancy
86.0%
Rentable SF
13,750
Price/Rentable SF
$163.64
Year Built
1990

Investment Highlights

  • Eastern Connecticut, Two Property Self-Storage Portfolio
  • The Facilities are Located Just 2.80 Miles Apart
  • 13,750 Combined Net Rentable Square Feet
  • 178 Combined Non-Climate Controlled Units
  • Stabilized Facilities: 85 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Atrium Storage Portfolio which consists of two locations just 2.80 miles apart in Groton, Connecticut. The two facilities combined feature 178 non-climate-controlled units totaling 13,750 net rentable square feet. These are stabilized and cash flowing facilities that are currently 85 percent physically occupied. The properties are fully fenced and include keypad access for interior units and 24-hour video surveillance. Located just 45 miles from New Haven, Connecticut these facilities benefit from a dense surrounding population. The population within five miles of the facilities is 77,524. Groton is home to General Dynamics Electric Boat, which is a major submarine contractor for the United States Navy. It is also home to the Naval Submarine Base in New London which is the primary U.S. Navy submarine base on the east coast. They are located off busy streets and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facilities great street frontage and high daily traffic counts of around 10,200 cars per day off Gold Star Highway and 13,400 cars per day off Poquonnock Road. Atrium Storage Portfolio is being offered for $2,250,000 or $163.64 per rentable square foot.

Exclusively Listed By

Financing By

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