Listed by Marcus & Millichap - Columbus
$3,600,000
All Purpose Storage - Lincolnville
Details
Property Type Self Storage
Sub Type Self Storage Facility
Square Footage 36,995
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 | $97/Sqft
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
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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