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39 River Rd
Lincoln, ME 04457
Safe Harbor Self-Storage Portfolio · Specialty Property For Sale
·
11,000 SF Total
Investment Highlights
- Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet
- Convenient Locations Within a 10-Minute Drive Allowing for Efficient Management and Streamlined Operations
- Strong In-Place Performance with 94.7 Percent Occupancy and Potential for Operational Upside
Executive Summary
Marcus & Millichap is pleased to present the investment opportunity featuring a
self-storage portfolio in Lincoln, consisting of two properties located at 170 Lee
Road and 39 River Road. The offering includes a total of 170 drive-up,
non-climate-controlled units totaling approximately 29,900 net rentable square
feet. Currently 94.7 percent occupied, the two properties are conveniently located
within a 10-minute drive of one another. This proximity allows for efficient
management and streamlined operations. Notably, this portfolio represents an
ideal turnkey investment for a new operator, whether local or out of state, due to
its manageable scale and operational efficiency. Additionally, the city of Lincoln
presents investors with a promising investment market supported by a stable
population, including a strong base of senior residents who often require
supplemental storage. Furthermore, the area benefits from solid regional
connectivity, enhancing tenant demand and long-term viability. With consistent
occupancy, ease of management, and favorable market fundamentals, this
portfolio offers an attractive opportunity for investors seeking dependable cash
flow and future growth potential.
self-storage portfolio in Lincoln, consisting of two properties located at 170 Lee
Road and 39 River Road. The offering includes a total of 170 drive-up,
non-climate-controlled units totaling approximately 29,900 net rentable square
feet. Currently 94.7 percent occupied, the two properties are conveniently located
within a 10-minute drive of one another. This proximity allows for efficient
management and streamlined operations. Notably, this portfolio represents an
ideal turnkey investment for a new operator, whether local or out of state, due to
its manageable scale and operational efficiency. Additionally, the city of Lincoln
presents investors with a promising investment market supported by a stable
population, including a strong base of senior residents who often require
supplemental storage. Furthermore, the area benefits from solid regional
connectivity, enhancing tenant demand and long-term viability. With consistent
occupancy, ease of management, and favorable market fundamentals, this
portfolio offers an attractive opportunity for investors seeking dependable cash
flow and future growth potential.
Property Facts
| Price / SF | $250.00 / SF | Number of Properties | 2 |
| Cap Rate | 6.80% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 11,000 SF |
| Status | Active | Total Land Area | 4.36 AC |
| Price / SF | $250.00 / SF |
| Cap Rate | 6.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,000 SF |
| Total Land Area | 4.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 39 River Rd, Lincoln, ME 04457 | Specialty | 11,000 SF | - | - |
| 170 Lee rd, Lincoln, ME 04457 | Specialty | - | 2000 | - |
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