33243 Old Ocean City Rd - Self-Storage Facilities FOR SALE


Parsonsburg, MD 21849
$995,000 USD
443-944-4464
33243 Old Ocean City Rd, Parsonsburg, MD for Sale
$995,000 USD
Self-Storage Facilities - FOR SALE
1/5
null | 6.92% Cap Rate

33243 Old Ocean City Rd
Parsonsburg, MD 21849


HIGHLIGHTS

  • Self-Storage - 83 Units, 9,100 NRSF; Dwelling - 1,137 SF.
  • Remote Ownership Opportunity: Professional management with minimal on-site maintenance requirements.
  • Additional Income Stream: Professionally managed & recently updated 1,137 SF residential dwelling generating $1,600/month in rental income.
  • Recently repositioned facility demonstrating strong leasing momentum and market demand.

OVERVIEW

Bigger Garage Self Storage is a remotely managed 9,100 NRSF self-storage investment opportunity on 1.3+/- acres located in Parsonsburg, MD. The 83-unit drive-up facility combines strong occupancy with an efficient operating structure and recent repositioning. The property has professional management already in place through Bigger Garage Management Company and minimal day-to-day maintenance requirements. With limited competing facilities and additional monthly rental income of $1600 from a professionally managed and recently updated 1,137 SF residential dwelling, the property offers an attractive entry point for a first-time self-storage investor or as a strategic acquisition for an existing operator. This manageable asset with proven demand, multiple income streams, and an established operating structure provides an opportunity to step into self-storage or to expand your portfolio without having to build the business from the ground up.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bigger Garage Self-Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

04-003594

ASK ABOUT THIS PROPERTY

Meredith MearsSVN | Miller Commercial Real EstateMore Info
443-944-4464

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Meredith MearsSVN | Miller Commercial Real EstateMore Info
443-944-4464

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