All Purpose Storage - Fairfield
For sale204 Center Rd lot b, Fairfield, ME 04937
$4,750,000407 units63,320 SF
Self Storage$11,671/unit$75/SF2002/2022
Property type
Self Storage
Unit / Space count
407
Price
$4,750,000
Rentable area
63,320 SF
Year built
2002
Year renovated
2022
Occupancy
80%
Lot size
7.47 Acres
Number of buildings
16
Sold/status
On Market
Price per SF
$75.02
Property description
In Association with ParaSell, Inc. | A Licensed Maine Broker #AC90603332 Scott Reid Broker - ParaSell Inc Lic #: ME - DB917753 Broker@parasellinc.com 949.942.6578
Property highlights
- Institutional-Size Self Storage Facility Comprised of 408 Non-Climate Units Totaling 63,520 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