100 UNIT SELF-STORAGE FACILITY FOR SALE
Industrial
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30846406 |
| Property Subtypes: |
Cold Storage, Self Storage
|
| Building Size (RSF): |
12,704 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.68 Acres
|
| Sale Price: |
$1,700,000 |
| Unit Price: |
$133.82 PSF |
| Ceiling: |
10 ft. Clear |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
94 |
| Last Updated: |
4/10/2024 |
Overview / Comments
100-unit storage facility located on highly trafficked Route One in Arundel. The property consists of five self-storage buildings, an office building built in 2020 with reception area, kitchenette, corner office and half bath, plus a 6,300 SF gravel area that could be used for additional outdoor storage. Units range in size from 5x7 up to 10x20. One of the units is a 20x30 heated space that is currently owner-occupied and could potentially be broken up into more storage units. The property is entirely fenced in and offers 24-hour keypad access via a locked gate.
Arundel Self Storage was purchased by the current owner in 2020 and has continued to be well-maintained. Historically, the business has had a high occupancy rate and is 90% occupied as of January 2024. Set on 2.68+/- acres, there may be the possibility of constructing one more building to add more units subject to town approval.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$10,958 (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
001/001F |
| Zoning: |
B1 -BUSINESS/OFFICE PARK/INDUSTRIAL |
| Total Number of Buildings: |
6 |
| Year Built: |
1988 |
| Construction/Siding: |
Wood Frame |
| Parking Description: |
20+ spaces and drive-up access to all storage units
|
| Heat Type: |
Natural Gas, Oil |
| Heat Source: |
Heat Pump |
| Lot Frontage: |
227 |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
| Easements: |
Ingress/Egress |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
20,838 |
44,730 |
| Median Age: |
41.5 |
42.71 |
| Households: |
8,677 |
19,464 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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