All Purpose Storage - Hollis
For sale258 Proctor Hill Rd, Hollis, NH 03049
$6,500,000351 units56,300 SF
Self Storage$18,519/unit$115/SF2019
Property type
Self Storage
Unit / Space count
351
Price
$6,500,000
Rentable area
56,300 SF
Year built
2019
Occupancy
82.22%
Stories
1
Lot size
9.33 Acres
Number of buildings
8
Sold/status
On Market
Uncovered spaces
54
Apartment
1
Price per SF
$115.45
Property description
In Association with ParaSell Inc. | P: 949.942.6578 | A Licensed New Hampshire Broker #075195 Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com Lic. #NH - 069493
Property highlights
- Cash-Flowing Self Storage Facility Comprised of 351 Non-Climate Units Totaling 55,200 NRSF, 54 Paved Outdoor Parking Rentals, and One 1,100 SF Apartment
- Opportunity to Increase Revenue Through Completing the Final Stages of Lease Up and the Implementation of Existing Customer Rent Increases
- Recently Constructed in 2019, the Facility is in Great Condition and Requires No Immediate Deferred Maintenance
- Facility is an Excellent Candidate for Remote or Semi-Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Average Household Income of $199,439 Within Three Miles of the Property
- Saturation Rate of 9.4 SF/Capita Within Five Miles of the Property and No Active Self Storage Developments in the Pipeline
- Hollis is Located in Southern New Hampshire Just North of the Massachusetts Border, Less Than 10 Miles West of Nashua
- The Manchester-Nashua MSA is the Second Largest in the State of New Hampshire and is Home to 433,415 Residents