250-260 Proctor Hill Rd - Self-Storage Facilities FOR SALE


Hollis, NH 03049
$6,500,000 USD
239-293-3844
250-260 Proctor Hill Rd, Hollis, NH for Sale
$6,500,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 6% Cap Rate

250-260 Proctor Hill Rd
Hollis, NH 03049


HIGHLIGHTS

  • Cash-Flowing Self Storage Facility with 351 Non-Climate Units Totaling 55,200 NRSF, 54 Paved Outdoor Parking Rentals, and One 1,100 SF Apartment
  • Opportunity to Increase Revenue by Completing Final Lease-Up Stages and Implementing Existing Customer Rent Increases
  • Recently Constructed in 2019, the Facility is in Great Condition With No Immediate Deferred Maintenance Required

OVERVIEW

- Cash-Flowing Self Storage Facility Comprised of 351 Non-Climate Units Totaling 55,200 NRSF, 54 Paved Outdoor Parking Rentals, and One 1,100 SF Apartment - Opportunity to Increase Revenue Through Completing the Final Stages of Lease Up and the Implementation of Existing Customer Rent Increases - Recently Constructed in 2019, the Facility is in Great Condition and Requires No Immediate Deferred Maintenance - Facility is an Excellent Candidate for Remote or Semi-Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place - Average Household Income of $199,439 Within Three Miles of the Property - Saturation Rate of 9.4 SF/Capita Within Five Miles of the Property and No Active Self Storage Developments in the Pipeline - Hollis is Located in Southern New Hampshire Just North of the Massachusetts Border, Less Than 10 Miles West of Nashua - The Manchester-Nashua MSA is the Second Largest in the State of New Hampshire and is Home to 433,415 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

$6,500,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Purpose Storage - Hollis

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

9.33 AC

LAND SF

406,415 SF

ZONING

IN

APN/PARCEL ID

7 46

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.