All Purpose Storage - Brewer
For sale33 & 76 Stevens Road, Brewer, ME 04412
$3,300,000237 units41,839 SF
Self Storage1989
Property type
Self Storage
Price
$3,300,000
Net Operating Income
$256,056
Cap Rate
7.76%
Building size
41,839 SF
Occupancy
85.02%
Lot size
4.01 acres
Number of buildings
11
Sold/status
On Market
Property highlights
- Cash Flowing Self Storage Facilities Comprised of 237 Non-Climate Units Totaling 41,839 NRSF and 10 Outdoor Parking Rentals
- The Two Facilities Are on Non-Adjacent Parcels but are Located on the Same Street and Can Be Operated as One Facility
- Strong Physical Occupancy Supports the Asset is Ready for the Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Stabilization and Maximizing Fee Income
- Facilities are Excellent Candidates for Continued Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Average Household Income of $79,685 Within Five Miles of the Property
- Population of 28,410 Residents Within Three Miles of the Property and 47,492 Residents Within Five Miles of the Property
- The Bangor MSA is the Second Largest in the State of Maine and is Home to 157,967 Residents
In Association with Scott Reid & ParaSell Inc. | A Licensed Maine Broker: #AC90603332 Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com ME Lic. #DB917753