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131 Newburyport Tpke Newbury, MA 01951

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For Sale
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High-quality self-storage facility with expansion potential in Newbury, Massachusetts.

Property size:
110,948 SF
Lot size:
56.30 Acres

Property Features for 131 Newburyport Tpke

General Information

Size
110,948 SF
Lot size
56.30 Acres

Source: JLL | Boston Agent Tommy Hovey

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Class A Storage Facility

This Class A storage facility, located in the affluent Newburyport MSA, features over 110,000 rentable square feet across 711 units within 12 single-story buildings. Approximately 25% of the units are climate controlled. The property offers an expansion opportunity on the remaining land. A new owner can add value through continued leasing to physical stabilization and by implementing a more aggressive ECRI Revenue Management Program to further increase revenue after reaching physical stabilization. This property represents an opportunity to acquire a well-located self-storage facility of scale in a market with limited supply and significant barriers to entry.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Department Store Skin Care Clinic HVAC Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newbury
County
Essex
State
Massachusetts
Longitude
-70.8817692
Latitude
42.7802266

FAQs

What type of property is this?
Self storage facility - High-quality self-storage facility with expansion potential in Newbury, Massachusetts.
Where is this self storage facility located?
The property is located at 131 Newburyport Tpke Newbury, MA.
What are key features of this property?
This property features: - Class A self-storage facility in the affluent Newburyport MSA.; - Boasting over 110,000 rentable square feet across 711 units, with approximately 25% climate controlled.; - Opportunity to add value through continued leasing to physical stabilization.
More about this property
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