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Self-Storage Facility

Allender Storage

5808 Allender Rd, White Marsh, MD 21162

Listing Price: $11,000,000

Cap Rate
1.93%
Number of Units
472
Occupancy
90.0%
Rentable SF
76,369
Price/Rentable SF
$144.04
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Allender Storage located in White Marsh, Maryland. The facility consists of 472 non-climate-controlled units and 16 other units totaling 76,369 net rentable square feet. The facility also has 94 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 90 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a rapidly growing, dense, and affluent surrounding population, and is about 20 miles from downtown Baltimore. The population within five miles of the facility is 113,582, which represents a 16 percent increase since 2000 and is expected to continue to grow over the next five years. They are located on a side street just off Pulaski Highway (U.S. Route 40) which has high daily traffic counts of 26,500 cars per day. Allender Storage is being offered for $11 million or $144.04 per rentable square foot.

Investment Highlights

  • Baltimore, Maryland MSA Self-Storage Offering
  • 76,369 Net Rentable Square Feet
  • 472 Non-Climate-Controlled Units
  • 16 Other Units | 94 Parking Spaces
  • Stabilized Facility: 90 Percent Physically Occupied

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

Allender Storage

Listing Price: $11,000,000

Cap Rate
1.93%
Number of Units
472
Occupancy
90.0%
Rentable SF
76,369
Price/Rentable SF
$144.04
Year Built
2005

Investment Highlights

  • Baltimore, Maryland MSA Self-Storage Offering
  • 76,369 Net Rentable Square Feet
  • 472 Non-Climate-Controlled Units
  • 16 Other Units | 94 Parking Spaces
  • Stabilized Facility: 90 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Allender Storage located in White Marsh, Maryland. The facility consists of 472 non-climate-controlled units and 16 other units totaling 76,369 net rentable square feet. The facility also has 94 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 90 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a rapidly growing, dense, and affluent surrounding population, and is about 20 miles from downtown Baltimore. The population within five miles of the facility is 113,582, which represents a 16 percent increase since 2000 and is expected to continue to grow over the next five years. They are located on a side street just off Pulaski Highway (U.S. Route 40) which has high daily traffic counts of 26,500 cars per day. Allender Storage is being offered for $11 million or $144.04 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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