All Purpose Storage - Greenfield
Closed78 Woodard Rd, Greenfield, MA 01301
Property type
Self Storage
Unit / Space count
527
Price
$8,425,000
Building size
66,470 sf
Rentable area
66,470 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$8425000
Property description
Stabilized and Cash-Flowing Self Storage Assets Comprised of 527 Non-Climate Units Totaling 66,470 NRSF and 6 Outdoor Parking Rentals Installation of Solar Panels to the Roofs of Both Facilities is Nearly Complete and is Projected to Add $57,500 in Annual Revenue Opportunity to Increase Revenue Through the Completion of Lease Up, and the Implementation of Existing Customer Rent Increases Low Market Saturation Rate of 7.5 SF/Capita Within Five Miles of the Facilities and No Active Storage Developments Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income Streams Recent Capital Improvements Within the Last Two Years Include the Addition of Portable Units to the Wisdom Way Location and the Installation of Security Cameras at Both Locations Facilities Are Excellent Candidates for Remote Management With Essential Vendor Contracts and Management Software Already in Place Strong Average Household Income of $78,775 Within Five Miles of the Facilities The Greenfield MSA is Located in Northwest Massachusetts and is Home to 70,836 Residents In Association with ParaSell Inc. | A Licensed Massachusetts Broker #423311-REC Scott Reid Broker - ParaSell Inc. Lic #: MA-9532789 949.942.6578 Broker@parasellinc.com