92 Concord St
North Reading, MA 01864
105 UNIT SELF STORAGE · Flex Property For Sale

BUILDING: 92 Concord Street is a 20,736 ± RSF commercial building comprised of seventeen (17) condominium units. Units 1 through 9 are lower level and first floor commercial warehouse (contractor bay) units that were sold after construction. Units 10 – 17 are being sold as a package and include the self-storage units and two (2) office suites SELF-STORAGE UNITS: There are one-hundred and five (105) storage rental units located on the 2nd floor. The interior storage units offer clean, dry, and secure units with elevator access. The unit sizes vary (see rent roll for dimensions) and include typical storage units and smaller lockers. The storage units are located within condominium units # 11, 12, 14, 15, 16, 17, and contain 8,530 ± RSF. OFFICES: There are (2) office suites included in the sale. Unit # 10 is an 868 ± RSF ground level suite that is used by the owner to operate the storage business and the store (see below). Unit #13 is an 858 ± RSF office suite on the 2nd floor that is leased to a tenant through July 2019. CONCORD STREET SELF-STORAGE AND U-HAUL: The self-storage business through its website (www.cssstorageanduhaul.com) handles the rental of the storage units on the 2nd floor and U-Haul vehicle rentals. The store in Unit #10 sells boxes and other moving materials which can generate additional income. There are seventy (70) P.O. Boxes in the front lobby for rental. The owner added that there is potential for a shipping / UPS-like store for the first floor office. That use is approved by the North Reading Post Master and USPS. P.O. BOXES: There are seventy (70) P.O. Boxes in the front lobby for rental. The boxes rent for $60 (3 months), $110 (6 months), or $210 (12 months). The owner added that there is potential for a shipping / UPS-like store for the first floor office. That use is approved by the North Reading Post Master and USPS. OUTSIDE STORAGE: There are multiple exterior storage bins that are currently generating additional income for the property. They are located on condo association property in the rear of the site. The current self-storage owners collect that income, but are not representing that it can continue as it currently operates. Other condo owners could request that it be shared in the future, but there is no agreement in place. CONDO RESERVES: Currently the Condo Association Reserves are $28,000 PARKING: There are designated parking areas for the storage units and the contractor bay owners. The self-storage ownership group has six (6) spaces / 1 handicap spot in front of the building for the offices as well as six (6) parking spots that face the street for the U-Haul trucks. They also have four (4) additional spots on the left side of the building for U-Haul truck parking and four (4) additional visitor parking spots on the right side of the building. LOT SIZE: 74,052 ± SF UTILITIES: Municipal water/sewer, electricity, natural gas, and phone BUILDING DESCRIPTION: One (1) two-story commercial building built in 2008 comprised of seventeen (17) condominium units used for storage rentals, office suites, and contractor bay warehouse storage. Eight (8) of the seventeen (17) condos are included in the sale. CONSTRUCTION: Metal frame structure with poured concrete foundation and masonry and metal panel exterior walls. FLOORING: Poured concrete flooring ELEVATORS: There is a passenger elevator at the front entrance and a freight elevator in the rear for the storage renters. ROOF: The roof is covered metal and rubber membrane HVAC: Each unit is separately metered for gas heat, hot water and electricity