Safe Harbor Self-Storage Portfolio - Granite,… — Sale in Lincoln, ME

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Lincoln, ME 04457
  • Year built: 2010

Photos

Safe Harbor Self-Storage Portfolio - Granite,… — Sale in Lincoln, ME, photo 1 of 3
Safe Harbor Self-Storage Portfolio - Granite,… — Sale in Lincoln, ME, photo 2 of 3
Safe Harbor Self-Storage Portfolio - Granite,… — Sale in Lincoln, ME, photo 3 of 3

Investment Figures

Cap rate
6.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 88 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 Investment Highlights: • Two-Property Self-Storage Portfolio with 170 Drive-Up Units Totaling 29,900 Net Rentable Square Feet • Strong In-Place Performance with 94.7 Percent Occupancy and Potential for Operational Upside • Convenient Locations Within a 10-Minute Drive Allowing for Efficient Management and Streamlined Operations • Situated in a Stable Lincoln Market with Strong Senior Demographics and Regional Connectivity Supporting Long-Term Demand

Market Context

This commercial property in Lincoln, ME is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 2010. Compare it against other commercial property listings for sale in Lincoln, ME — view the full market.

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