40,325 Square Foot Industrial Space For Sale @ 2542 Gar Hwy

Route 6 Self Storage is a fully stabilized self storage facility in Swansea, MA. Presently the property enjoys a physical occupancy of 98.3%. The property has 275 units for a total of 40,325 net rentable square feet. Eighty-eight of the 275 units are climate controlled, there are also outside parking spaces for cars, trucks and RVs. The property was built in 2003 and sits on a 4.5 acre parcel. It has 8 storage buildings with units that range in size from 25 to 450 square feet. The perimeter is fenced and there are 10 security cameras. The key pad entry to property and individual buildings allows access 24/7. New LED lighting has been added to building exteriors. Route 6 Self Storage is located in Swansea, MA, a suburb about 10 miles from Providence, RI and 60 miles form Boston, MA. The property sits on Route 6 less than .7 miles from the interchange with Route 195. Route 6, also called the Grand Army of the Republic (GAR) Highway, has traffic counts of 15,000 +/- vehicles per day.

Swansea, MA is in the southeastern area of Massachusetts called the South Coast, a rapidly growing area of the state for business and residential development. Immediately surrounding the property are recognizable national retailers such as Walmart, Kohl's,Target, CVS, Dunkin Donuts and many others. This is a rare opportunity for an investor to purchase a cash flowing self storage facility. An excellent option for a 1031 exchange buyer.

Sales Info:
■ Commision split: 2.0%

Location Description:
Good quality self storage facility in growing South Coast area of MA.

Highlights:
■ Occupancy consistently at 94-98%
■ 40,325 Net Rentable SF
■ 275 Units/ 88 Climate Controlled
■ 2003 Construction
■ Excellent Cash Flow