Self Storage Details

  • Property ID: 427899
  • Posted On: Mar 9, 2014
  • Updated On: Jul 11, 2014

Property Description

Kingston Self Storage and Route 111 Self Storage represent a great opportunity for an investor to buy two high quality self-storage facilities in an area with little competition. The properties in the portfolio are located 2.5 miles driving distance from each other in Southern New Hampshire.

Between the two properties there are thirteen storage buildings with 111,300 net rentable square feet. This portfolio offers two of the newest facilities in the area, with Kingston Self Storage being built in 2003 and Route 111 being built in 2001.This portfolio offering is being offered at a price of $6,640,000, or $59.66 per net
rentable square foot. This is well below the replacement cost of two facilities of this size and caliber. The two properties have been experiencing solid growth within the past few months.

The Kingston and Route 111 portfolio offering is a great opportunity to invest in two premier facilities that are currently experiencing increasing returns, yet still have value-add potential.

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