Riverdale Storage Center

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Deal Highlights

Riverdale Storage is a self-storage facility located in the Springfield MSA. Own this self-storage property situated on 1.2396 acres of land, with 22,895 net rentable square feet and 171 total units.

  • Very strong demand of 2.02 SF a person in 3 miles
  • Favorable population of 86k In 3 miles
  • Market rental rates are trending upward
  • Location right off of highway 90 and highway 91
  • Dense college town with multiple universities in the trade area
  • Very strong occupancy at 97%
  • Strong Occupancy growth trend over the past 12 months
  • Ability to start a tenant insurance program
  • Ability to set up merchandise income
  • Room to reduce economic vacancy

Address

143 Doty Circle West Springfield, MA 01089

Price

TBD by Market

Pro Forma NOI

$171,294

Net Rentable Square Feet
22,895 NRSF
Lot Size

1.24

Unit Count
171
Year Built
1986
Status

Under Contract

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