KO Storage
For sale108 Tri City Road, Somersworth, NH 03878
$1,362,000114 units11,900 SF
Self Storage$11,947/unit$114/SF1987
Property type
Self Storage
Unit / Space count
114
Price
$1,362,000
Rentable area
11,900 SF
Year built
1987
Occupancy
88.6%
Lot size
0.81 Acres
Number of buildings
2
Sold/status
On Market
CAP
6.90%
Price per SF
$114.45
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
- Stabilized and Cash Flowing Self Storage Facility Comprised of 114 Non-Climate Units Totaling 11,900 Net Rentable Square Feet
- Opportunity to Increase Revenue Through the Steady Implementation of Existing Customer Rent Increases
- Achieved Rents are Below Market Averages Which Bodes Well for Future Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Average Household Income of $110,321 Within Five Miles of the Property
- Population of 59,676 Residents Within Five Miles of the Property
- Somersworth is Located in Southeastern New Hampshire Approximately 60 Miles North of Boston
- The New Hampshire Portion of the Boston-Cambridge-Newton MSA Represents the Largest MSA in the State and is Home to 459,120 Residents