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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31272473
31395367

37 River St, Waltham, MA 02453

CN
MA 141888-RE-AB
New England Storage Partners
Listed by New England Storage Partners
This property is under contract, sold subject to seller approval
Under Contract

Well Established Self Storage Facility

Details
APN R071 005 0001
Property Type Self Storage
Net Rentable (SqFt) 27,211
Units 365
Occupancy 84%
Broker Co-Op Yes
Year Built 1890
Buildings 4
Stories 3
Lot Size (SqFt) 32,518
Zoning Industrial
Investment Type Value Add
Sale Condition For sale by owner

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

          Listing Contacts

          CN
          MA 141888-RE-AB
          New England Storage Partners
          Listed by New England Storage Partners

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          Additional Information

          Name
          Connie Neville
          License
          141888-RE-AB
          Brokerage
          New England Storage Partners Inc
          *All information is deemed reliable but not guaranteed. Buyer to verify all information.
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