204 Center Rd - Self-Storage Facilities FOR SALE


Fairfield, ME 04937
$4,750,000 USD
239-293-3844
204 Center Rd, Fairfield, ME for Sale
$4,750,000 USD
Self-Storage Facilities - FOR SALE
1/12
null | 7.29% Cap Rate

204 Center Rd
Fairfield, ME 04937


HIGHLIGHTS

  • Institutional-Size Self Storage Facility Comprised of 407 Non-Climate Units Totaling 63,320 Net Rentable Square Feet
  • Facility Benefits From Solar Panel Installation that Results in Zero Electrical Utility Costs

OVERVIEW

- Institutional-Size Self Storage Facility Comprised of 407 Non-Climate Units Totaling 63,320 Net Rentable Square Feet - Facility Benefits From Solar Panel Installation that Results in Zero Electrical Utility Costs - Heavy Upside Available Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases - Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales - Facility is an Excellent Candidate for Remote or Semi-Remote Management with Essential Vendor Contracts and Management Software Already in Place - Population of 27,099 Residents Within Five Miles of the Property Growing at 1.2% Annually - Solid Average Household Income of $68,393 Within Five Miles of the Property - Fairfield is Located in Southern Maine Along the Kennebec River, Approximately 20 Miles North of Augusta - The Augusta-Waterville MSA is the Third Largest in the State of Maine and is Home to 127,259 Residents

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Purpose Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.66 AC

LAND SF

159,497 SF

ZONING

I

APN/PARCEL ID

FAID M:001 L:039-00F

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.