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33957281
33957279

12026 Ocean Gateway, Ocean City, MD 21842

MJ
PA RM426325
Equicap PA
JH
PA #RS365878
Listed by Equicap PA
$2,800,000
2 days on market
Updated 2 days ago

Four Seasons Mini Storage

Details
APN 10-010624, 10-213444
Property Type Self Storage
Sub Type Self Storage
Square Footage 20,500
Units 122
Cap Rate 6.01%
NOI $172,135
Occupancy 86.51%
Tenancy Multi
Pro-Forma Cap Rate 8.37%
Pro-Forma NOI $234,316
Price per SqFt $137
Class B
Year Built 1997
Buildings 9
Acreage 1.960
Zoning C2
Parking Spaces 4 spaces
Parking Per SqFt 0.20

Well Established Facility w/ Operational Upside- CONTACT FOR OM

Marketing description

**Contact Listing Agents for Offering Memorandum**

EquiCap Commercial, in partnership with Parasell Inc, is pleased to exclusively present Four Seasons Mini Storage for sale. Located at 12026 Ocean Gateway in Ocean City, Maryland, the property is strategically positioned along US Route 50, the primary gateway into Ocean City, benefiting from approximately 31,000 vehicles per day and exceptional visibility to both year-round residents and the millions of visitors who travel to the market annually. The facility consists of approximately 20,500 net rentable square feet across 126 storage units and offers a mix of traditional drive-up and climate-controlled storage accommodations.

Four Seasons Mini Storage has established a stable operating platform with 86.51% occupancy and strong in-place cash flow. Current ownership has maintained healthy occupancy levels while positioning the property for future growth through continued lease-up, revenue management initiatives, and ancillary income opportunities. The offering provides investors with an attractive combination of immediate cash flow and meaningful operational upside.

The property's trade area is supported by more than 30,000 residents and 13,400 households within a ten-mile radius, with median household incomes exceeding $83,000. Ocean City's unique mix of permanent residents, second-home owners, retirees, and seasonal visitors creates durable demand for self-storage. Additionally, the area contains more than 5,300 seasonal and vacant housing units, further supporting recurring storage demand from vacation property owners and part-time residents.

The facility operates within a supply-constrained market containing only four operating self-storage facilities within a three-mile radius. Combined with strong local demographics, limited barriers to entry, and Ocean City's continued residential and tourism-driven growth, Four Seasons Mini Storage offers investors the opportunity to acquire a well-located coastal self-storage asset with stable cash flow, attractive upside potential, and long-term demand drivers.

Investment highlights

  • Strategically located at 12026 Ocean Gateway, Ocean City's primary gateway, delivering exceptional visibility to 31,000 vehicles per day and strong access for year-round tenants
  • Well designed facility with 20,500 net rentable SF across 122 units + 4 Parking Spaces, offering a mix of traditional drive-up and climate-controlled storage
  • Stable operating performance with 86.51% occupancy and strong in-place cash flow—current ownership has maintained demand while positioning asset for continued lease-up and revenue growth.
  • Backed by local demand drivers of 30,000+ residents and 13,400 households within 10 miles with $83,000+ median household income, plus 5,300+ seasonal/vacant units that fuel recurring storage demand.

Listing Contacts

MJ
PA RM426325
Equicap PA
JH
PA #RS365878
Listed by Equicap PA

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,135.00
$14,344.58/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

Map

Zoning

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C2 CommercialGeneral CommercialGeneral Commercial
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Scott Reid
License
MD-652906
Brokerage
ParaSell, Inc.
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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