Newbury Self Storage_Property for Sale
Newbury Self Storage_Property for Sale

Newbury Self Storage

131 Newburyport Turnpike, Newbury, MA, 01951, US

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer to qualified investors the opportunity to acquire Newbury Self Storage (the “Property” or “Offering”), a Class A Storage Facility located in the affluent Newburyport MSA. The Property has undergone multiple expansions and is currently comprised of 12 single-story buildings totaling over 110,000 rentable square feet across 711 units (approximately 25% of units are climate controlled). In addition, there is an expansion opportunity on the remaining land detailed on page 9. A new owner would have the opportunity to immediately add value through continued leasing of the facility to physical stabilization. In addition, the implementation of a more aggressive ECRI Revenue Management Program will allow the new owner to further increase revenue after reaching physically stabilizing the Property. All-in-all, the Offering represents an excellent opportunity to acquire a well located, Class A self storage facility of scale in a market with limited supply and significant barriers to entry.

...

Attributes

Building area net
10,307 m²
Year built
2015
Occupancy
74.3%
Number of units
711
Call for offers
01/07/2025

Media

Investment Highlights

SIGNIFICANT REVENUE UPSIDE


BEST-IN-CLASS FACILITY, HIGH BARRIERS TO ENTRY


WELL LOCATED, STRONG SURROUNDING DEMOGRAPHICS


EXPANSION OPPORTUNITY


RESILIENT ASSET CLASS

Newbury Self Storage 4_Property for Sale
Newbury Self Storage 4_Property for Sale

Contact brokers

Newbury Self Storage (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
3 Jun 2025