100 Pleasant St - Self-Storage Facilities FOR SALE


Dracut, MA 01826
$11,000,000 USD
603-714-4019
100 Pleasant St, Dracut, MA for Sale
$11,000,000 USD
Self-Storage Facilities - FOR SALE
1/41
null | Request Cap Rate

100 Pleasant St
Dracut, MA 01826


HIGHLIGHTS

  • Located in close proximity to University of Massachusetts Lowell
  • SF per Capita of storage is 5.54 in the 5-mile radius
  • Mixed-use Tenant base allows for diversity of income on rent roll
  • High vacancy creates an opportunity to increase cash flow with lease up

OVERVIEW

A Lowell Self Storage is a converted mixed-use self-storage and commercial warehousing facility serving the Greater Lowell, Massachusetts area. Strategically located on Route 113 at the Lowell-Dracut town line, the property offers unparalleled accessibility, just minutes from Route 3, Route 495, the Lowell Connector, and a mere two minutes from the University of Massachusetts North Campus. This mixed-use property features a diverse range of tenants, including personal storage users, small businesses, and commercial operators. It offers both indoor, climate-controlled self-storage units and large-scale warehouse spaces, accommodating various tenant needs. The facility’s flexible design supports a variety of uses, from personal storage to business operations, and offers businesses customizable space options, with warehouse rentals accommodating up to 175,000 square feet. The property is fully equipped with loading docks, freight elevators, and build-to-suit capabilities, making it ideal for manufacturing, distribution, and storage tenants. Current tenants include businesses utilizing the facility for commercial warehousing, while individuals benefit from secure and climate-controlled personal storage options. Additional amenities include 24/7 video surveillance, ample parking, flexible month-to-month rental terms, and a full range of moving supplies and packing materials such as boxes, tape, hand trucks, and moving pads, conveniently available on-site. Serving the Greater Lowell and Dracut areas, the facility’s prime location also makes it easily accessible to nearby towns, including Tyngsborough, Billerica, Tewksbury, Chelmsford, MA, as well as Pelham, Hudson, and Nashua, NH. This property represents a unique investment opportunity with stable cash flow from a diversified tenant base and the potential for further growth in a high-demand, thriving area.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A Lowell Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

I1, Dracut

APN/PARCEL ID

DRAC-000062-000000-000020

ASK ABOUT THIS PROPERTY

Joe RobinsonNAI Norwood GroupMore Info
603-714-4019

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Joe RobinsonNAI Norwood GroupMore Info
603-714-4019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.