25,500 Square Foot Industrial Space For Sale @ 34 Merrill Road

The Merrill Road Self Storage facility was built in 1988. It consists of three American Steel Building Co. buildings with 247 units in 25,500 net rentable square feet . The entire perimeter is fenced and there is a key-pad operated gate for customer access. Each building is constructed over a cement slab. Also currently located on the site are a movable office trailer and a Rubb brand temporary storage building which could be converted to self storage units or utilized for vehicle/RV storage.

Sales Info:
■ Commision split: 3.0%

Location Description:
Lewiston is one of nine communities comprising the Lewiston/Auburn metropolitan statistical area (MSA), which is the third largest in the State of Maine. The Lewiston/Auburn area consists of two incorporated cities, Auburn on the west and Lewiston on the east, bisected by the Androscoggin River, they are often referred to as the "Twin Cities". The Lewiston/Auburn area is home to the Central Maine Medical Center, the University of Maine at Auburn and Bates College. Merrill Road Self Storage is located in the northern portion of the City with the central business district approximately 3 miles to the south. The neighborhood is suburban residential.

Highlights:
■ Established property
■ Opportunity to maximize lease up
■ Upside in Revenue Management
■ High proportion of renters in market
■ Motivated Seller & Lender