All Purpose Storage - Gardner
For sale143 Colony Rd, Gardner, MA 01440
$9,275,000454 units61,100 SF
Self Storage$20,430/unit$152/SF1987/2017
Property type
Self Storage
Price
$9,275,000
Unit / Space count
454
Commercial Spaces
3
Uncovered spaces
22
Occupancy
86.97%
Rentable area
61,100 SF
Year built
1987
Year renovated
2017
Stories
1
APN
X22-13-16
Sold/status
On Market
Lot size
15.09 Acres
Number of buildings
14
Price per SF
$151.80
Property description
In Association with ParaSell Inc. | A Licensed Massachusetts Broker #423311-RE-C Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com MA - 9532789
Property highlights
- Cash-Flowing Self Storage Facility Comprised of 454 Non-Climate Units Totaling 55,500 NRSF, 22 Outdoor Parking Rentals, and Three Leased Commercial Spaces Totaling 5,600 NRSF
- Facility Sits on Three Parcels Totaling 15.09 Acres. Conceptual Expansion Plans to Add 27,600 NRSF Included in the Deal Room.
- Strong Physical Occupancy and Achieved Rents Bode Well for the Continued Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Semi-Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Average Household Income of $95,140 Within Five Miles of the Property
- Gardner is Located in Northern Massachusetts Approximately 50 Miles West of Boston and is Home to 21,559 Residents
- The Worcester MSA is the Second Largest in the State of Massachusetts and is Home to 866,866 Residents