115 Bacon St Waltham, MA 02451

Located in Waltham, Massachusetts, U. S. Storage Centers is a 34,038 SF self-storage facility situated on 1.092 acres of industrial-zoned land. Originally built in the late 1880s as the Waltham Grinding Wheels Company manufacturing plant, the structure was converted to self-storage use in 1983. The facility comprises 445 units, ranging in size from 3'x5' to 14'x22'. A section on the second floor is fully climate-controlled, featuring heat, air conditioning, and dehumidification. The basement level units are heated and dehumidified. Recent improvements include upgrades to the rental office, with a larger selection of retail merchandise. Limited outside parking is available and typically has 90%+ occupancy. Waltham, located 9 miles west of Boston, is home to numerous high-tech companies within the Boston Route 128 High Tech Corridor. Over the past 20 years, Waltham has become a desirable suburb with ethnic restaurants, converted loft apartments, and condos, attracting young professionals and empty-nesters. The city has a population of 64,015, with fifty percent renters and a median gross rent of $1,774 per month (2016-2020). The estimated median house or condo value from 2016-2020 was $574,000, compared to $560,000 for the state of Massachusetts. State Route 20 runs east and west through the city, and access points to Interstate 128/95 are 4.5 miles from the facility. The property has an excellent occupancy history and strong cash flow, with numerous capital improvements made over the last 13 years. It is professionally managed.