U Name It Self Storage, located in West Springfield, MA within the Springfield MSA, offers 168,189 NRSF of space, featuring 560 non–climate-controlled units on over 10 acres. The facility maintains over 98% occupancy, reflecting strong demand and generating a current NOI of over $900K, which underscores its robust financial performance. The trade area has attractive self-storage demographics, with only 5 NRSF per capita within a five-mile radius which boasts a population of over 234,000. Strict zoning regulations and scarce land create high entry barriers for competitors. Expansion of 63 units, adding nearly 9,000 NRSF is currently underway.
INVESTMENT
HIGHLIGHTS
- Location – Worcester-Springfield, MA MSA Self Storage
- Offering Price – To Be Determined By Market
- NRSF – 168,189
- Occupancy – 98% Physical / 91% Economic
- Low 5.7 NRSF Per Capita in Five Mile Radius
- 50% Of Trade Area Population Are Renters
- Expansion of 63 Second Floor Units Underway
Broker of record: BRIAN BROCKMAN | Bang Realty-New England Inc | Tel: 513.898.1551 | Bor@bangrealty.com | License: 1000169
