15 Marion Dr
Kingston, MA 02364
Kingston Self Storage · Specialty Property For Sale · 33,100 SF

Kingston Self Storage consists of a 32,355 SF self storage facility contained in eight buildings, with an on-site rental office. The property was built in in phases from 1989-1999. The facility was constructed on 3.38 acres of land. Site improvements consist of single story metal buildings, a two story metal building with interior units, standing seam metal roofs, paved driveways, exterior lighting, security cameras, keypad entry gate, and an on-site rental office. The rental office is approximately 200 SF. The storage facility is at unit occupancy of 95% and square footage occupancy of 93.4% (both as of October 16, 2017.) Economic occupancy as of September 2017 Trailing 9 financials is at 86.4%, however, this includes all fees and other income for the property. Tremendous upside exists in increasing fee structure for property and reducing gap between physical and economic occupancy percentages through revenue management. The facility is attractive and well-maintained, with prominent signage and excellent visibility along Marion Drive. This road is the only way to access the Kingston MBTA commuter rail station, which offers parking for over a thousand vehicles. The facility is also located ~1,000 feet from Route 3 (Pilgrims Highway) and ~1,500 feet from Kingston Collection, the area’s largest mall at 625,000 square feet of retail space. Located just outside the historic town of Plymouth, and only 30 miles south of Boston, this is an area that will likely continue to grow and thrive in the future.