143 Colony Rd - Self-Storage Facilities FOR SALE


Gardner, MA 01440 | 
$9,275,000 USD
239-293-3844
143 Colony Rd, Gardner, MA for Sale
$9,275,000 USD
Self-Storage Facilities - FOR SALE
1/11
null | 6.25% Cap Rate

143 Colony Rd
Gardner, MA 01440


HIGHLIGHTS

  • Self Storage Facility Comprised of 454 Non-Climate Units, 22 Outdoor Parking Rentals, and Three Leased Commercial Spaces
  • Facility Sits on Three Parcels Totaling 15.09 Acres. Conceptual Expansion Plans to Add 27,600 NRSF Included in the Deal Room.
  • Strong Physical Occupancy and Achieved Rents

OVERVIEW

- Cash-Flowing Self Storage Facility Comprised of 454 Non-Climate Units Totaling 55,500 NRSF, 22 Outdoor Parking Rentals, and Three Leased Commercial Spaces Totaling 5,600 NRSF - Facility Sits on Three Parcels Totaling 15.09 Acres. Conceptual Expansion Plans to Add 27,600 NRSF Included in the Deal Room. - Strong Physical Occupancy and Achieved Rents Bode Well for the Continued Implementation of Existing Customer Rent Increases - Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales - Facility is an Excellent Candidate for Semi-Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place - Average Household Income of $95,140 Within Five Miles of the Property - Gardner is Located in Northern Massachusetts Approximately 50 Miles West of Boston and is Home to 21,559 Residents - The Worcester MSA is the Second Largest in the State of Massachusetts and is Home to 866,866 Residents In Association with ParaSell Inc. | A Licensed Massachusetts Broker #423311-RE-C Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com MA - 9532789

FOR SALE DETAILS

PRICE

$9,275,000 USD

PRICE/SF

$3,865 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Purpose Storage - Gardner

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

C-1

APN/PARCEL ID

GARD-000022X-000013-000016

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.