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Self-Storage Facility

Value Store It Self Storage

3 Chestnut St, Worcester, MA 01609

Listing Price: $5,500,000

Cap Rate
4.44%
Number of Units
440
Occupancy
73.0%
Rentable SF
30,393
Price/Rentable SF
$180.96
Year Built
1900

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Value Store It Self Storage located in Worcester, Massachusetts. The facility consists of 440 non-climate-controlled units including two drive-in bays, totaling 30,393 net rentable square feet. The facility was recently renovated with new interior paint, a new roof, added keypad access, repaved parking lot, and doubled the number of security cameras. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population and is about 45 miles outside of Boston. The population within five miles of the facility is 234,171, which represents a nine percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. Value Store It Self Storage is being offered for $5.5 million or $180.96 per rentable square foot.

Investment Highlights

  • Recently Renovated Self-Storage Offering
  • 30,393 Net Rentable Square Feet
  • 440 Total Units Including Two Drive In Bays
  • In Early 2021 Seller Added 140 Units and Almost Doubled the Net Rentable Square Feet

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) MA: 1000485

    Massachusetts

Financing By

Self-Storage Facility

Value Store It Self Storage

Listing Price: $5,500,000

Cap Rate
4.44%
Number of Units
440
Occupancy
73.0%
Rentable SF
30,393
Price/Rentable SF
$180.96
Year Built
1900

Investment Highlights

  • Recently Renovated Self-Storage Offering
  • 30,393 Net Rentable Square Feet
  • 440 Total Units Including Two Drive In Bays
  • In Early 2021 Seller Added 140 Units and Almost Doubled the Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Value Store It Self Storage located in Worcester, Massachusetts. The facility consists of 440 non-climate-controlled units including two drive-in bays, totaling 30,393 net rentable square feet. The facility was recently renovated with new interior paint, a new roof, added keypad access, repaved parking lot, and doubled the number of security cameras. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population and is about 45 miles outside of Boston. The population within five miles of the facility is 234,171, which represents a nine percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. Value Store It Self Storage is being offered for $5.5 million or $180.96 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): MA: 1000485

    Massachusetts

Financing By

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