Property tours are available by appointment ONLY. Please contact Connie Neville to schedule at nevillec@svn.com or 781-696-6241. Investment Highlights: 153-Unit self-storage facility Value add opportunity exists through lease up of the available 84 units Surrounding SFR and commercial development ideal for self-storage facility Professionally managed since foreclosure Investment Overview: Bloomfield Self Storage (the "Property") is a 153-unit non-climate controlled self-storage facility located at 53 Douglas Street in Bloomfield, Connecticut. The Property was constructed in 2002 and consists of three predominantly one-story buildings on a 1.87-acre site. Unit mix consists of (6) 5x5, (6) 10x5, (19) 10x10, (59) 10x15, (55) 10x20, and (8) 10x30. Additionally, a manager's office is located at the front and net rentable area of the facility is 24,600 SF. The units are metal structures on concrete foundations, with the metal structures (e.g. walls roofs, framing, doors) in good condition for their age. Access is limited by electric gate and the entire property is fenced.
Immediate value add opportunity exists through lease up of 21 ready units, rehabilitation of 25 trash units and repair of 36 broken garage door units. The area surrounding the Property is nearly fully developed and provides for a mix of single family properties and commercial developments. The Property is more immediately bordered on the north by single family homes; on the south by commercial and single family properties; on the east by commercial development and undeveloped land; and on the west by commercial and mixed residential area. The University of Hartford is 3 miles away from the Property and major retail within a 1 mile radius include Home Depot, Lowes, Burlington Coat Factory and numerous smaller retail. Several offices and local manufacturers are also within 1 mile of the Property. The Property's proximity to residential, retail, office and manufacturing present a stable customer base for the property with limited competition from other storage facilities as there are only 2 competing properties within 3 miles of the Property per Costar.
