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U-Store-It Self Storage for Sale
868 Flanders Road
Mystic, CT 06355
Building Size: 51,000 SF
Lot Size: 5.77 Acres
Occupancy: 67.00%
Price: $3,500,000
Price/SF: $68.63
Cap Rate: 7.89%
Year Built: 1978
Property
Description:
The property consists of 51,000 rentable square feet
of storage space which includes both climate
controlled and non-climate controlled units. The
property contains a total of six, single story
buildings and 537 self-storage units. The property
was constructed in 1978 and has a present physical
occupancy of 67%.
Location Description:
The property is located in the Village of Mystic
which is part of the town of Groton, CT. The
property is well located in a mixed area of
commercial and residential development. The site
fronts on Flanders Road, a well known cross road
connecting CT Route-184 (a.k.a. Gold star Highway)
and US RT-1.
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Fenced
Yard: Yes
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Trailer
Parking: Yes
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Power is
available: Yes
Net Operating Income: $276,150
CONTACT: Adam Mengacci at (860)
246-4606 Ext: 15
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Comments
Dear
SSBay.com,
I had my listing for a mini storage on your
website and I was honestly impressed by the
number of calls that I got from qualified buyers
that found my listing on your site. You must be
advertising in the right places. I've since sold
my mini storage listing and I'm currently
working a few of these buyers to help them find
other mini storage facilities for sale. Thanks
for your help.
Richard Rasmussen Designated Broker
Sunbelt Business Advisors, LLC.
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