Listed by Marcus & Millichap - Columbus
$7,850,000
All Purpose Storage - Hinsdale
Details
Property Type Self Storage
Sub Type Self Storage Facility
Net Rentable (SqFt) 81,180
Units 584
Cap Rate 6.25%
NOI $490,816
Occupancy 70%
Pro-Forma Cap Rate 11.07%
Pro-Forma NOI $869,031
Price per SqFt $97
Year Built 1982
Buildings 21
Acreage 13.170
Self Storage | 584 Units | $14,170/unit
Marketing description
Marcus & Millichap is pleased to offer for sale All Purpose Storage located in Hinsdale, New Hampshire. This offering consists of two facilities less than two miles apart. They combine to feature 81,180 net rentable square feet with 573 non-climate-controlled units and 11 outdoor parking spaces. There is room for future expansion at both locations as well.
Investment highlights
- Southern New Hampshire Two Property Self-Storage Offering With Upside
- Both Facilities are Located Less Than Two Miles Apart Within the Town of Hinsdale in Cheshire County
- 81,180 Net Rentable Square Feet
- 573 Non-Climate-Controlled Drive-Up Self-Storage Units and 11 Outdoor Parking Spaces
- 67.50% Physical Occupancy | 88% Economic Occupancy
- Room for Future Expansion Opportunities at Both Locations
- Both Facilities are Supported by Projected Population Growth
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$490,816.00
$40,901.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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