108 Tri City Rd - Self-Storage Facilities FOR SALE


Somersworth, NH 03878
$1,362,000 USD
239-293-3844
108 Tri City Rd, Somersworth, NH for Sale
$1,362,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 6.9% Cap Rate

108 Tri City Rd
Somersworth, NH 03878


HIGHLIGHTS

  • Stabilized and Cash Flowing Self Storage Facility Comprised of 114 Non-Climate Units Totaling 11,900 Net Rentable Square Feet
  • Achieved Rents are Below Market Averages Which Bodes Well for Future Rent Increases
  • Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place

OVERVIEW

- Stabilized and Cash Flowing Self Storage Facility Comprised of 114 Non-Climate Units Totaling 11,900 Net Rentable Square Feet - Opportunity to Increase Revenue Through the Steady Implementation of Existing Customer Rent Increases - Achieved Rents are Below Market Averages Which Bodes Well for Future Rent Increases - Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place - Average Household Income of $110,321 Within Five Miles of the Property - Population of 59,676 Residents Within Five Miles of the Property - Somersworth is Located in Southeastern New Hampshire Approximately 60 Miles North of Boston - The New Hampshire Portion of the Boston-Cambridge-Newton MSA Represents the Largest MSA in the State and is Home to 459,120 Residents In Association with ParaSell Inc. | P: 949.942.6578 | A Licensed New Hampshire Broker #075195 Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com Lic. #NH - 069493

FOR SALE DETAILS

PRICE

$1,362,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KO Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

40-04A-0

ASK ABOUT THIS PROPERTY

Frank DeSalvoFranklin StreetMore Info
239-293-3844

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Frank DeSalvoFranklin StreetMore Info
239-293-3844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.