

Well Established Self Storage Facility
Excellent Occupancy History & Strong Cash Flow
Marketing description
For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | [email protected].
Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
This Extra Space Storage (owned) Location is a conversion. It is approximately 84% leased and has been continuously operated as a self-storage facility for almost 30 years with strong historical occupancy & cash flow. Total of 365 storage units. Freight Elevator, Loading Docks, Rental Center and Moving Supply Store.
Located in Waltham Massachusetts, a city 9 miles west of Boston and home to numerous high-tech companies on Route 128 High Tech Corridor. Over the last 20 years Waltham has become a very desired "close in" suburb with ethnic restaurants, converted loft apartments and condos which draw both young professionals and empty nesters. There are several prominent colleges and universities within a 3-mile radius. Among the total population of 64,015 fifty percent are renters and the median gross rent from 2016-2020 was $1,774/month. The estimated median house or condo value from 2016-2020 was $574,000 versus $560,000 for the state of Massachusetts. State route 20 runs east and west through the city and various access points to Interstate 128/95 are less than 4.5 miles from the facility.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
- Subject To Seller Approval
37 River St, Waltham, MA 02453
Investment highlights
Well Established Self Storage Conversion
Excellent Occupancy History & Strong Cash Flow
27,211 NRSF, 365 Units on 32,518 SF Land
Numerous Capital Improvements over last 13 years
Professionally Managed
Robust Demographics
Average HH Income in 3 Mile Radius $193,954
Stable Cell Tower Income of $50k Annually
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