Maine Heated Self Storage

Industrial for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30774659
Property Subtypes: Self Storage
Status: Pending/Contingent
Building Size (RSF): 7,160 SF
Gross Building Area: See Agent
Gross Land Area: 1.78 Acres
Sale Price: $750,000
Unit Price: $104.75 PSF
Ceiling: 10 ft. Clear
Property Use Type: Investment
Building Name: 68 Maple St
Sale Terms: Cash to Seller
Cap Rate: 8.61%
Last Updated: 11/23/2021

Overview / Comments

Here is a tremendous opportunity to purchase a stable self storage business with very low maintenance and management requirements. Great thought was placed in the development of this project to provide low management requirements while providing exceptional customer service and heated self storage options for this community.

This is an opportunity to invest in the growing market of self storage with upside potential and further development potential very likely available on the parcel.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $3,237 (Annual)
Net Operating Income $64,540 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: 01090_020020000000
Zoning: COMMERCIAL
Site Description: Parking: Ample HVAC: Oil forced hot water / central electric units Const.Type: Wood Frame
Tenancy: Multiple Tenants
Number of Stories: 1
Parking Type: Surface
Column Spacing: 10
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,638 11,345
Median Age: 40.87 42.62
Households: 2,207 4,559

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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