News: Northern New England
Posted: November 3, 2023
Marcus & Millichap negotiate sale of three property self-storage portfolio totaling 45,690 s/f
Chelsea, ME Marcus & Millichap brokered the sale of a three property 45,690 s/f self-storage portfolio.
Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. James Koury, Maine broker of record, assisted in closing this transaction.
All three properties within this portfolio are located within eight and a half miles of each other in south central Maine towns of Chelsea and Vassalboro. The facilities combine to feature 296 non-climate-controlled self-storage units, portable units, and rental space units that make up 45,690 net rentable s/f. All three sites benefit from room for future expansions and good street frontage with strong daily traffic counts.
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