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18301452
18301451

550 Beach Rd, Lincolnville, ME 04849

NC
OH 2015003418
Marcus & Millichap - Columbus
BH
OH SAL.2006002356
Marcus & Millichap - Columbus
GC
OH 2014003018
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus
$3,600,000
720 days on market
Updated 82 days ago

All Purpose Storage

Details
Property Type Self Storage
Sub Type Self Storage Facility
Net Rentable (SqFt) 36,995
Units 268
Cap Rate 7.3%
NOI $262,812
Occupancy 80%
Pro-Forma Cap Rate 11.17%
Pro-Forma NOI $402,184
Price per SqFt $97
Year Built 1996
Year Renovated 2020
Buildings 6
Stories 1
Acreage 9.000

Self Storage | 268 Units | $13,433/unit

Marketing description

Marcus & Millichap is pleased to offer for sale All Purpose Storage located in Lincolnville, Maine which is about 35 miles East of Augusta, Maine. The facility features 25 climate controlled units and 243 non-climate-controlled units totaling 36,995 net rentable square feet. There is room for expansion and the site is stabilized, currently sitting at 80 percent occupancy.

Investment highlights

  • Coastal Maine Self-Storage Offering

  • Located About 35 Miles East of Augusta in Lincolnville, Maine

  • 36,995 Net Rentable Square Feet

  • 25 Climate-Controlled Units and 243 Non-Climate Controlled Units

  • Stabilized Facility: 80 Percent Physical Occupancy

  • Room For Expansion

  • Affluent Market: Average Household Income Within One, Three, and Five Miles is Above the National Average

  • Average Household Income: 1-Mile: $101,259 | 3-Miles: $105,341 | 5-Miles: $109,437

  • Growing Surrounding Population: Over 11% Increase Within a Five-Mile Radius Since 2010

Listing Contacts

NC
OH 2015003418
Marcus & Millichap - Columbus
BH
OH SAL.2006002356
Marcus & Millichap - Columbus
GC
OH 2014003018
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$262,812.00
$21,901.00/mo

Valuation Metrics

0
DSCR
7.3%
Cap Rate
7.3%
ROI

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Additional Information

Name
Thomas Shihadeh
License
DB927980
Brokerage
Marcus & Millichap
Brokerage Phone
(617) 896-7250
Title
Broker of Record
Brokerage Address
100 High St, Suite 1025, Boston, MA 02110
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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