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33539802
33539807

39 RIVER RD, LINCOLN, ME 04457

AM
PA PARS366906
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$2,750,000
1 day on market
Updated 1 day ago
Opportunity zone

Safe Harbor Self-Storage Portfolio ( Granite & Lincoln, ME )

Details
APN 129-009-000-000
Property Type Self Storage
Square Footage 29,900
Units 170
Cap Rate 6.80%
NOI $187,031
Occupancy 94.7%
Pro-Forma Cap Rate 8.12%
Pro-Forma NOI $223,434
Price per SqFt $92
Class B
Buildings 11
Acreage 8.100
Investment Type Stabilized

Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet

Marketing description

Marcus & Millichap is pleased to present the investment opportunity featuring a self-storage portfolio in Lincoln, consisting of two properties located at 170 Lee Road and 39 River Road. The offering includes a total of 170 drive-up, non-climate-controlled units totaling approximately 29,900 net rentable square

feet. Currently 94.7 percent occupied, the two properties are conveniently located within a 10-minute drive of one another. This proximity allows for efficient management and streamlined operations. Notably, this portfolio represents an ideal turnkey investment for a new operator, whether local or out of state, due to its manageable scale and operational efficiency. Additionally, the city of Lincoln presents investors with a promising investment market supported by a stable population, including a strong base of senior residents who often require supplemental storage. Furthermore, the area benefits from solid regional connectivity, enhancing tenant demand and long-term viability. With consistent occupancy, ease of management, and favorable market fundamentals, this portfolio offers an attractive opportunity for investors seeking dependable cash flow and future growth potential

Investment highlights

  • Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet
  • Strong In-Place Performance with 94.7 Percent Occupancy and Potential for Operational Upside
  • Convenient Locations Within a 10-Minute Drive Allowing for Efficient Management and Streamlined Operations
  • Situated in a Stable Lincoln Market with Strong Senior Demographics and Regional Connectivity Supporting Long-Term Demand

Listing Contacts

AM
PA PARS366906
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$187,031.00
$15,585.92/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

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Additional Information

Name
Thomas Shihadeh
License
ME DB927980
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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