Listed by Franklin Street Tampa
$4,875,000
All Purpose Storage
Details
APN 001-039-00F
Property Type Self Storage
Sub Type 1
Net Rentable (SqFt) 63,520
Units 408
Cap Rate 6.25%
NOI $304,684
Pro-Forma Cap Rate 8.61%
Pro-Forma NOI $419,720
Price per SqFt $77
Year Built 2002 - 2022
Buildings 16
Acreage 7.470
Self Storage | 63,520 NRSF | 408 Units
Investment highlights
- Institutional-Size Self Storage Facility Comprised of 408 Non-Climate Units Totaling 63,520 Net Rentable Square Feet
- Facility Benefits From Solar Panel Installation that Results in Zero Electrical Utility Costs
- Heavy Upside Available Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Remote or Semi-Remote Management with Essential Vendor Contracts and Management Software Already in Place
- Population of 27,099 Residents Within Five Miles of the Property Growing at 1.2% Annually
- Solid Average Household Income of $68,393 Within Five Miles of the Property
- Fairfield is Located in Southern Maine Along the Kennebec River, Approximately 20 Miles North of Augusta
- The Augusta-Waterville MSA is the Third Largest in the State of Maine and is Home to 127,259 Residents
Scott Reid
Broker - ParaSell Inc
Lic #: ME - DB917753
949.942.6578
In Association with ParaSell, Inc. | A Licensed Maine Broker #AC90603332
Listing Contacts
Listed by Franklin Street Tampa
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$304,684.00
$25,390.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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