All Purpose Storage - Jewett
For sale234 N Main Street, Jewett City, CT 06351
$2,200,00019,660 SF
Self Storage1988
Price
$2,200,000
Cap Rate
6.74%
Building size
19,660 SF
Occupancy
86.51%
Lot size
3.40 acres
Number of buildings
8
Sold/status
On Market
Property highlights
- Cash Flowing Self Storage Facility Comprised of 126 Non-Climate Units Totaling 18,802 NRSF and One Leased 858 SF House
- Very Low Market Saturation Rate of 3.5 SF/Capita for Self Storage Within Three Miles of the Property
- Strong Physical Occupancy Bodes Well for the Steady Implementation of Existing Customer Rent Increases
- Facility is an Excellent Candidate for Continued Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Average Household Income of $98,642 Within Five Miles of the Property
- Population of 20,038 Within Five Miles of the Property
- Jewett City is Located in Eastern Connecticut Approximately 35 Miles East of Hartford
- The Norwich-New London-Willimantic MSA is the 5th Largest in the State of Connecticut and is Home to 284,015 Residents
In Association with ParaSell, LLC | A Licensed Connecticut Broker: #REB.0792680 Scott Reid Broker - ParaSell, LLC broker@parasellinc.com (949) 942-6578 Lic #: CT - REB.0790370