Springfield Self Storage

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Deal Highlights

Springfield Self Storage is a self-storage facility located in the Springfield, MA MSA. Own this self-storage property situated on 3.18 acres of land, with 42,300 net rentable square feet and 312 total units.

  • Ability to Drastically Increase Rental Rates by 50% To Reach Market Levels
  • Very Favorable Demand Numbers at 2.62 NRSF per Person inthe Three-Mile Radius
  • At the Intersection of Two Major Roadways With Over 45,000VPD Each
  • Market Rental Rates Trending Upwards Over the Past Three Years
  • Opportunity To Implement Tenant Insurance Programs and Ancillary Income Collection
  • Space on Both Sides of Facility to Rent Out for Parking
  • Fully Stabilized Facility at 99%

Address

192 Cadwell Drive, Springfield, MA 01104

Price

TBD by Market

Pro Forma NOI

$269,094

Net Rentable Square Feet
42,300 NRSF
Lot Size

3.18

Unit Count
312
Year Built
2005
Status

Under Contract

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