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

100 Main Street, Springfield, MA 01105

JC
MA 423727
The LGCY Group
Listed by The LGCY Group
$840,000
2 days on market
Updated 2 days ago

Lockwood Self Storage

Details
Property Type Self Storage
Square Footage 13,939
Units 28
Cap Rate 7.11%
NOI $59,745
Occupancy 75.44%
Brand/Tenant Lockwood Self Storage
Pro-Forma Cap Rate 9.68%
Pro-Forma NOI $81,336
Price per SqFt $119
Year Built 2015
Buildings 3
Acreage 0.320

5 Minutes a Day. 28 Units. Truly Passive Income. 🔑

Marketing description

Here is what the current owner actually deals with every week:

✅ Automated payments via CashApp and autopay

✅ Online leasing through the website and a dedicated call center

✅ A property manager who handles day-to-day maintenance

✅ Financials and reporting done automatically through online tools

✅ Most bills paid on autopilot

The result? The owner spends about 5 minutes a day on this asset — and it generated over $97,000 in revenue last year.

The Numbers:

📊 28 Units / 7,050 Rentable SF

📍 100 Main Street, Springfield, MA

💰 Current Cap Rate: 6.44% (trailing actuals)

📈 Year 5 Pro Forma Cap Rate: 9.68%

🏗️ Expansion potential on site

Whether you are in Massachusetts or investing from out of state, everything is already set up for you. The website. The call center. The property manager. This is plug and play commercial real estate.

Serious buyers only. DM us or reach out directly:

508-989-6943

[email protected]

www.TheLGCYGroup.com

Represented by Jaquaine Coe | LGCY Group

Investment highlights

What if your investment property ran itself? Welcome to Lockwood Self Storage — a 28-unit self-storage facility located at 100 Main Street in Springfield, Massachusetts, and one of the most turnkey commercial real estate deals on the market right now.

This is not a rental property. There are no tenants calling you at midnight. No water leaks. No evictions. No drama.

Listing Contacts

JC
MA 423727
The LGCY Group
Listed by The LGCY Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,745.00
$4,978.75/mo

Valuation Metrics

0
DSCR
7.11%
Cap Rate
7.11%
ROI

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Additional Information

Name
Jaquaine Coe
License
423727
Brokerage
LGCY Group
Brokerage Phone
5089896943
Title
Owner
Brokerage Address
444-A North Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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