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204 Center Rd - All Purpose Storage 63,520 SF Specialty Building Offered at $4,875,000 in Fairfield, ME 04937
Executive Summary
- Institutional-Size Self Storage Facility Comprised of 408 Non-Climate Units Totaling 63,520 Net Rentable Square Feet
- Facility Benefits From Solar Panel Installation that Results in Zero Electrical Utility Costs
- Heavy Upside Available Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Remote or Semi-Remote Management with Essential Vendor Contracts and Management Software Already in Place
- Population of 27,099 Residents Within Five Miles of the Property Growing at 1.2% Annually
- Solid Average Household Income of $68,393 Within Five Miles of the Property
- Fairfield is Located in Southern Maine Along the Kennebec River, Approximately 20 Miles North of Augusta
- The Augusta-Waterville MSA is the Third Largest in the State of Maine and is Home to 127,259 Residents
- Facility Benefits From Solar Panel Installation that Results in Zero Electrical Utility Costs
- Heavy Upside Available Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Remote or Semi-Remote Management with Essential Vendor Contracts and Management Software Already in Place
- Population of 27,099 Residents Within Five Miles of the Property Growing at 1.2% Annually
- Solid Average Household Income of $68,393 Within Five Miles of the Property
- Fairfield is Located in Southern Maine Along the Kennebec River, Approximately 20 Miles North of Augusta
- The Augusta-Waterville MSA is the Third Largest in the State of Maine and is Home to 127,259 Residents
Property Facts
| Price | $4,875,000 | Building Class | C |
| Price Per SF | $76.75 | Lot Size | 3.66 AC |
| Sale Type | Investment | Building Size | 63,520 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2021 |
| Zoning | I - Industrial | ||
| Price | $4,875,000 |
| Price Per SF | $76.75 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.66 AC |
| Building Size | 63,520 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | I - Industrial |
Amenities
- Property Manager on Site
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204 Center Rd - All Purpose Storage
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