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Self-Storage Facility

SafelyStor

424 S Stark Hwy, Weare, NH 03281

Listing Price: $5,300,000

Cap Rate
5.83%
Number of Units
246
Occupancy
100.0%
Rentable SF
35,900
Price/Rentable SF
$147.63
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale SafelyStor located in Weare, New Hampshire. The facility consists of 246 non-climate-controlled units totaling 35,900 net rentable square feet. The facility also offers 60 RV parking spaces available for rent. The facility was built in phases, ranging from 2016 to 2021. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a keypad, gated entry and 24-hour video surveillance. The location of this facility benefits from an affluent and growing surrounding population and is just 14 miles northwest of Manchester. The population within five miles of the facility has increased by 21 percent since 2000 and is expected to continue to grow over the next five years. They are located off a busy street directly across from a small strip mall. This offers the facility great street frontage and high daily traffic counts of around 8,300 cars per day off South Stark Highway. SafelyStor is being offered for $5.3 million or $147.63 per rentable square foot.

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 35,900 Net Rentable Square Feet
  • 246 Non-Climate-Controlled Units
  • 60 RV Parking Spaces
  • Stabilized Facility: 100 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) NH: 077795

    New Hampshire

Financing By

Self-Storage Facility

SafelyStor

Listing Price: $5,300,000

Cap Rate
5.83%
Number of Units
246
Occupancy
100.0%
Rentable SF
35,900
Price/Rentable SF
$147.63
Year Built
2016

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 35,900 Net Rentable Square Feet
  • 246 Non-Climate-Controlled Units
  • 60 RV Parking Spaces
  • Stabilized Facility: 100 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale SafelyStor located in Weare, New Hampshire. The facility consists of 246 non-climate-controlled units totaling 35,900 net rentable square feet. The facility also offers 60 RV parking spaces available for rent. The facility was built in phases, ranging from 2016 to 2021. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a keypad, gated entry and 24-hour video surveillance. The location of this facility benefits from an affluent and growing surrounding population and is just 14 miles northwest of Manchester. The population within five miles of the facility has increased by 21 percent since 2000 and is expected to continue to grow over the next five years. They are located off a busy street directly across from a small strip mall. This offers the facility great street frontage and high daily traffic counts of around 8,300 cars per day off South Stark Highway. SafelyStor is being offered for $5.3 million or $147.63 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): NH: 077795

    New Hampshire

Financing By

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