Malone Commercial Brokers is pleased to offer for sale a turn-key self-storage property on 9± acres in Lincolnville, Maine. With seven buildings totaling 37,145± SF, this is the largest self-storage facility in a 10-mile radius, and the only one with temperature-controlled units. Visibility is excellent at 550 Beach Road, where there is pylon signage and 400± feet of street frontage. Buildings were completed in 2020 and 1996, for a total of 270 units, 25 of them temperature controlled. Current income and expenses are stable and have a 7.4% cap rate.
State Route 173 connects Lincolnville Center with Route 1 on the waterfront. Lincolnville, located in the heart of Midcoast Maine, is set between Rockland, Camden and Belfast, attracting a significant seasonal population. In a five-mile radius, there are 193 businesses and 20% of the population earns more than $75,000 a year.
Sale price: $3.6 million ($96.92/SF)
For detailed information on income and expenses, please contact Brandon Mitchell of Malone Commercial Brokers in Portland. 207.415.7982| brandon@malonecb.com
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