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Safe Harbor Self-Storage Portfolio 2 Specialty Properties Offered at $2,750,000 in Lincoln, ME
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,750,000 | Number of Properties | 2 |
| Price / SF | $250.00 / SF | Individually For Sale | 0 |
| Cap Rate | 6.80% | Total Building Size | 11,000 SF |
| Sale Type | Investment | Total Land Area | 4.36 AC |
| Status | Active |
| Price | $2,750,000 |
| 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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Safe Harbor Self-Storage Portfolio