Patriot State Storage

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Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

  • Favorable Self-Storage Supply of 3.88 Net Rentable Square Feet Per Capita Within a Five-Mile Radius
  • Acquisition Provides a Self-Storage Facility with Multiple Value-Add Components, Including an Expansion Opportunity of Approximately 32,245 NRSF
  • Approved Solar Carport Canopy Conversion Opportunity Would Yield an Additional $108,000 in NOI, and a Tax Credit of $800,000 Year 1
  • Consistent Traffic Counts of 72,000 Vehicles Daily Along Dennis J Roberts Expressway
  • The Facility is Situated in a High Barrier-To-Entry Market
  • Ability to Increase Rental Rates by 26 Percent to Reach Competitor Levels; Current Rates are Below Market

Address

204 Hartford Ave, Providence, RI, 2909

Price

TBD by Market

Pro Forma NOI

$686,638

Net Rentable Square Feet
37,936 NRSF
Lot Size

3.57

Unit Count
434
Year Built
2019
Status

Active

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