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Self-Storage Facility

Safe Harbor Self-Storage Portfolio - Granite, Lincoln, ME

39 River Rd, Lincoln, ME 04457

Listing Price: $2,750,000

Cap Rate
5.90%
Occupancy
73.3%
Rentable SF
29,900
Price/Rentable SF
$91.97
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to present the investment opportunity featuring a self-storage portfolio in Lincoln, consisting of two properties located at 170 Lee Road and 39 River Road. The offering includes a total of 170 drive-up, non-climate-controlled units totaling approximately 29,900 net rentable square
feet. Currently 88 percent occupied, the two properties are conveniently located within a 10-minute drive of one another. This proximity allows for efficient management and streamlined operations. Notably, this portfolio represents an ideal turnkey investment for a new operator, whether local or out of state, due to its manageable scale and operational efficiency. Additionally, the city of Lincoln presents investors with a promising investment market supported by a stable population, including a strong base of senior residents who often require supplemental storage. Furthermore, the area benefits from solid regional connectivity, enhancing tenant demand and long-term viability. With consistent occupancy, ease of management, and favorable market fundamentals, this portfolio offers an attractive opportunity for investors seeking dependable cash flow and future growth potential

Investment Highlights

  • Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet
  • Strong In-Place Performance with 88 Percent Occupancy and Potential for Operational Upside
  • Convenient Locations Within a 10-Minute Drive Allowing for Efficient Management and Streamlined Operations
  • Situated in a Stable Lincoln Market with Strong Senior Demographics and Regional Connectivity Supporting Long-Term Demand

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Senior Managing Director, Market Leader - New England

    (617) 896-7220

    License(s) ME: DB927980

    Maine

Financing By

Self-Storage Facility

Safe Harbor Self-Storage Portfolio - Granite, Lincoln, ME

Listing Price: $2,750,000

Cap Rate
5.90%
Occupancy
73.3%
Rentable SF
29,900
Price/Rentable SF
$91.97
Year Built
2010

Investment Highlights

  • Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet
  • Strong In-Place Performance with 88 Percent Occupancy and Potential for Operational Upside
  • Convenient Locations Within a 10-Minute Drive Allowing for Efficient Management and Streamlined Operations
  • Situated in a Stable Lincoln Market with Strong Senior Demographics and Regional Connectivity Supporting Long-Term Demand

Investment Overview

Marcus & Millichap is pleased to present the investment opportunity featuring a self-storage portfolio in Lincoln, consisting of two properties located at 170 Lee Road and 39 River Road. The offering includes a total of 170 drive-up, non-climate-controlled units totaling approximately 29,900 net rentable square feet. Currently 88 percent occupied, the two properties are conveniently located within a 10-minute drive of one another. This proximity allows for efficient management and streamlined operations. Notably, this portfolio represents an ideal turnkey investment for a new operator, whether local or out of state, due to its manageable scale and operational efficiency. Additionally, the city of Lincoln presents investors with a promising investment market supported by a stable population, including a strong base of senior residents who often require supplemental storage. Furthermore, the area benefits from solid regional connectivity, enhancing tenant demand and long-term viability. With consistent occupancy, ease of management, and favorable market fundamentals, this portfolio offers an attractive opportunity for investors seeking dependable cash flow and future growth potential

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Senior Managing Director, Market Leader - New England

    (617) 896-7220

    License(s): ME: DB927980

    Maine

Financing By

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