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$ 2,600,000
Est. payment | /mo
18,000 SqFt
$ 2,600,000
Est. payment | /mo
18,000 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 18000
Square Footage 18,000 sqft
Price per Sqft $144
MLS® Listing ID NB138412
Year Built 2023
Lot Size 3.600 Acres
Acres 3.6
Property Sub-Type Freehold
Property Description
142-unit drive-up self storage facility on 3.6 acres in Moncton, N.B. Currently 90% occupied with stabilized rents. 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. Approximately 50% of the land is undeveloped, graded and prepped in 2021, with a 330x20 ft pad ready for 33 additional 10x20 units. 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:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
Fence Fully Fenced
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by EXIT Realty Associates
Nearby Locations
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