553-555 Saint James Ave - Self-Storage Facilities FOR SALE


Springfield, MA 01109
$9,750,000 USD
413-636-6928
553-555 Saint James Ave, Springfield, MA for Sale
$9,750,000 USD
Self-Storage Facilities - FOR SALE
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null | Request Cap Rate

553-555 Saint James Ave
Springfield, MA 01109


HIGHLIGHTS

  • Modern - built in 2023
  • High traffic near highway exit
  • efficient temperature control

OVERVIEW

Built in 2022-23 and opened in April 2023, this state-of-the-art 80,000 sqft facility comprises 795 rentable units split between two buildings, plus outdoor parking. Building A is a 70,000 sqft, three-story, temperature-controlled structure with an elevator, while Building B is a 10,000 sqft, single-story, non-temperature-controlled building. The property is secured with keypad entries, over 80 high-definition security cameras, security lights, and is fully fenced and gated. Managed using Sitelink software, the facility is staffed by two full-time employees. Located just several hundred yards off the highway, this excellent location also includes an additional adjacent lot for future development. This property offers a secure and convenient storage solution with modern amenities, making it an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

B2

APN/PARCEL ID

SPRI-008325-000000-000006,SPRI-008325-000000-000007

ASK ABOUT THIS PROPERTY

Bryan KayeBKaye Realty and InsuranceMore Info
413-636-6928

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Bryan KayeBKaye Realty and InsuranceMore Info
413-636-6928

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