Executive Bay Storage - Greenfield, NH
Executive Bay Storage | 2,300,000 | 19,000 NRSF
Marketing description
Executive Bay Storage is a stabilized, cash-flowing investment opportunity in Greenfield, New Hampshire. It consists of 19,000 NRSF and 157 units.
The property is located just 30 miles west of the most populous city in NH (Manchester, NH- home to over 115,000 residents) and is surrounded by well populated sub- cities, including Milford, Peterborough, Keene, and Wilford, creating enough density and growth within the radius to drive continued storage demand.
The subject property sits at very healthy occupancy levels, holding physical occupancy levels in the 90’s and an economic occupancy of 121%.
A key highlight of this property is its significant rental rate potential. A new investor has the opportunity to increase rates internally, as well as upon tenant turnover. The current “achieved” rental rates are the lowest amongst competitors while asking rates fall even further behind, (over 40% below nearest competitor). These statistics along with the markets strong household incomes prove the immediate ability to push GPI and EGI and support a strong long-term investment and enhanced month-over-month cash flow.
This well-maintained storage facility offers paved drive aisles, full perimeter fencing, and a controlled gate code entry system—delivering convenience, security, and peace of mind for tenants.
Investment highlights
ECONOMIC OCCUPANCY ABOVE 100% WITH ASKING RATES BELOW MARKET.
A new investor can unlock operational upside through improved management systems and procedures, supporting increased efficiency and stronger cash flow.
The current “achieved” rental rates are the lowest amongst competitors. Asking rates fall even further behind, (over 40% below nearest competitor). Immediate ability to push GPI and internal rental rates.
While immediate trade area carries a low population density, the extremely high occupancy levels of the subject property prove that this location holds strong self- storage demand.
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