PORTLAND SELF STORAGE - 221 UNITS W/ 103 CLIMATE CONTROLLED

Industrial for Sale
Catylist Listing ID: 30337708
Property Subtypes: Cold Storage, Office Showroom, Self Storage, Other
Building Size (RSF): 21,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.97 SF
Sale Price: $2,450,000
Unit Price: $114.49 PSF
Ceiling: 8 ft. Clear
Drive In Bays: 221 Bays
Property Use Type: Investment
Building Name: Portland Self Storage
Sale Terms: Undisclosed, Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

We are pleased to present for sale Portland Self Storage located at 76 Warren Avenue in Portland, Maine. This offering includes three buildings totaling 21,400 +/- square feet with 221 total self storage units (103 units climate controlled). All three buildings were constructed in 2002 and have been meticulously maintained. The two story 16,000 +/- square foot main building has reception / retail, office, kitchenette, and self storage units on the first floor and 8,000 +/- square feet of climate controlled units with freight elevator on the second floor. Other amenities include highly visible lit pylon and facade signage off of Warren Avenue, two electronic gates with key code access, and interior and exterior security cameras with onsite & remote access.
76 Warren Avenue offers onsite parking, easy access to all storage units, beautifully landscaped grounds with accented metal fencing around property perimeter, a dry level lot with built-in storm drains, and a highly desirable Portland location that is in close proximity to the Maine Turnpike, countless businesses, retailers, and high density residential.
Since opening for business in 2002, Portland Self Storage has maintained a long history of financial success and is considered one of the premier self storage facilities of Southern Maine. This is a must see for investors and businesses looking for a a rare investment opportunity in Portland, Maine.

PLEASE NOTE - Listing Broker must be present for tours of facility and prior notice is required.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_293 A018
Zoning: B-4 (COMMERCIAL CORRIDOR ZONE)
Property Located Between: Located on Forest Avenue end of Warren Avenue near Bishop Street.
Highway Access: Minutes from Maine Turnpike and other major routes.
Airports: Within 10 minutes of Portland Jetport
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 2002
Roof Type: Other
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Onsite parking around perimeter of building as well as parking / access to storage units.
Column Spacing: 999
Freight Elevators: 1
Amps: 225
Heat Type: Natural Gas
Heat Source: Ceiling Units, Other
Air Conditioning: Package Unit, Other
Lighting: Fluorescent, Other
Internet Access: Cable, Other
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,605 73,047 118,088
Median Age: 37.89 37.55 39.02
Households: 4,487 33,610 52,764

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The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.