$2,600,000

About this property

136-unit drive-up self storage facility with 6 additional exterior units situated on 3.6 acres in Moncton, N.B. Currently 90% occupied. Industrial land parcel with excellent access to Berry Mills Road and the Trans-Canada Highway, this property is well positioned in a growing commercial corridor. All units feature 24/7 digital mobile access. Property is fully gated with perimeter lighting and camera surveillance throughout. A portion of the land is undeveloped, graded and prepped in 2021, with a 330x20 ft pad ready for 33 additional 10x20 units or other configurations. No site prep costs. Expansion upside is built into the land you already own. Self storage is the only CRE asset class that posted positive returns during the 2008 recession. Demand rises with downsizing, relocation, and household disruption, the same conditions a recession creates. Boots-on-ground management in place. Third-party management company available through transition. Income from day one. Well-located and scalable, this is a rare opportunity to acquire a modern, stabilized storage asset with upside in a strong and expanding Moncton market. Financial details available upon request. (id:66946)

Features