2 Locations For Sale

• Cash Flowing Self Storage Portfolio With the Rutland Location Comprised of 482 Non-Climate Units Totaling 62,350 NRSF and the West Rutland Location Comprised of 110 Non-Climate Units Totaling 12,900 NRSF and a 2,000 SF Commercial Space.
• The Facilities Are Located Less Than Four Miles From Each Other, Allowing for Management Efficiencies.
• Strong Occupancy and a Moderate SF/Capita Should Allow the Next Owner to Increase Revenue Through Existing Customer Rent Increases.
• Rutland Location Was Doubled in Size During the 2021 Expansion and Currently Sits at 84.23% Physical Occupancy.
• Room for Future Expansion at the West Rutland Location. Seller Has Been Working Toward Approvals With the Town and Conceptual Plans are Included in the Deal Room.
• Facilities are Excellent Candidates for Remote Management With Automatic Gate and Keypad Entry Already In-Place at the Larger Rutland Location. Management Software and Essential Vendor Contracts In-Place at Both Locations.
• Recent Cap/Ex Improvements at the Rutland Location Include the Installation of Ornamental Fencing, $50,000 in Landscaping Upgrades, and a Fresh Coat of Paint for the Buildings That Were Not Part of the 2021 Expansion.
• Strong Average Household Income of $83,366 Within Five Miles of the Rutland Location.
• The Rutland MSA is Comprised Solely of Rutland County, Which is Located in Eastern Vermont and is Home to 60,271 Residents.

In Association with ParaSell Inc. | A Licensed Vermont Broker #83.0650387-MAIN

Scott Reid

Broker - ParaSell Inc.

Lic #: VT - 81.0105695

949.942.6578

[email protected]