All Purpose Storage Portfolio
For sale63, 71, & 183 Route 13, Brookline, NH 03033
Unit / Space count
345
Price
$5,258,000
Occupancy
86.67%
Stories
1
Lot size
8.12 acres
Number of buildings
10
Property description
All Purpose Storage Portfolio is a stabilized, two-property self-storage offering in Brookline, New Hampshire, priced at $5,258,000. The properties sit along Route 13 and combine drive-up buildings, a small amount of climate-controlled space, and a bi-level non-climate facility. Built in phases between 2000 and 2021, the portfolio features gated keypad access, cameras, and perimeter fencing at the main location, with Cubby management software already in place. Strong physical occupancy and a stabilized profile make the portfolio well suited to remote management rather than full-time on-site staff. The upside comes from rate growth. Existing customer rent increases are working, and achieved rents still have room to move toward the pro forma levels, offering a clear path to meaningful NOI growth. The market is supply-constrained, with local communities favoring low-density development and open space, which limits new competition. Brookline sits in southern Hillsborough County along the Massachusetts border, roughly ten miles west of Nashua, in an affluent residential area with high household incomes and an easy commute to the Nashua and Greater Boston job markets. New Hampshire’s lack of a sales tax or wage income tax continues to draw households relocating from Massachusetts, while the Manchester-Nashua MSA provides a deep and diverse employment base.
Property highlights
- Two-property self storage portfolio comprised of 31 climate-control units totaling 2,525 NRSF and 314 non-climate units totaling 43,055 NRSF
- The nearly adjacent facilities at 63 & 71 Route 13 are primarily drive-up buildings with a small amount of climate-control units, and the facility at 183 Route 13 is a bi-level nonclimate building
- Strong physical occupancy should allow for continued implementation of existing customer rent increases
- Stabilized nature and small-to-medium size of the facilities should allow for remote management efficiencies rather than full-time employees
- Average household income of $162,076 within five miles of the 71 Route 13 location
- Population of 22,102 residents within five miles
- Brookline is located in southern New Hampshire approximately ten miles west of Nashua
- The Manchester-Nashua MSA is the second largest in New Hampshire, home to 433,415 residents
In Association with ParaSell, Inc. | P: 949.942.6585 | A Licensed New Hampshire Broker #075195 Scott Reid Broker - ParaSell, Inc. (949) 942-6578 broker@parasellinc.com Lic #: NH - 069493