Safe Storage USA
For sale52 Houlton Rd, Presque Isle, ME 04769 & 161 Clark Rd, Mars Hill, ME 04758
Unit / Space count
368
Price
$4,337,000
Building size
53,076 SF
Occupancy
97.01%
Lot size
5.55 acres
Number of buildings
12
Property description
The Safe Storage USA Portfolio presents an attractive opportunity to acquire two established self-storage facilities in Presque Isle and Mars Hill, located in the scenic countryside of northern Maine near the U.S.-Canada border. The portfolio offers a diverse mix of traditional self-storage units serving the storage needs of local residents and businesses across an established regional market. With both facilities operating at exceptionally high occupancy and located within a short drive of one another, the portfolio offers an efficient, complementary operation with a strong foundation of existing demand and in-place cash flow. Beyond its established operating performance, the portfolio offers multiple avenues for future value creation. Investors can pursue rental rate optimization, enhance existing revenue streams, and capitalize on the potential for additional storage development at the Mars Hill location. The opportunity to streamline operations across both facilities, combined with an existing management infrastructure and relatively low operating costs, creates an appealing platform for continued growth. Safe Storage USA is well-suited for an investor seeking a stabilized self-storage portfolio with dependable in-place performance and meaningful opportunities to increase value over time.
Property highlights
- Highly Occupied and Cash Flowing Self Storage Portfolio Comprised of 368 Non-Climate Units Totaling 53,076 Net Rentable Square Feet
- Both Locations Are Managed by an Out-Of-State Owner, Allowing the Buyer to Purchase an Efficient and Remotely Managed Operation That Cash Flows From Day One
- Facilities Are Located Less Than 15 Minutes From Each Other, Allowing for Management & Operational Efficiencies
- Climate-Control Office at Presque Isle Location Could Be Reconfigured to Increase Number of Storage Units
- Opportunity to Increase Revenue By Taking Advantage of the Available Expansion Land at the Mars Hill Location
- Facilities are Operating at Nearly 100% Occupancy, Which Should Allow for Steady Implementation of Existing Customer Rent Increases
- Low Expense Load Thanks to Relatively Low Property Taxes and a Boots-on-the-Ground Employee Who is Willing to Remain After the Sale
- Presque Isle and Mars Hill are Located in the Breathtaking Countryside of Northeastern Maine Along the US-Canada Border
In Association with Scott Reid & ParaSell Inc. | A Licensed Maine Broker: #AC90603332 Scott Reid Broker - ParaSell Inc. Lic #: ME #DB917753 949.942.6578 Broker@parasellinc.com