Stabilized Self-Storage Conversion
21 Terminal Way, Norwich, CT 06360
Four-story self-storage facility with 348 units in Norwich, CT.
Type:Self Storage
Property size:
51,200 SFPrice / SF:
$134/SF- Added:
- Jan 27, 2026
- Days on Market:
- 116
- Last Refresh:
- Apr 5 at 11:23 pm
Property Features for 21 Terminal Way
General Information
- Standard status
- Active
- Size
- 51,200 SF
- Property subtype
- Self Storage
Listing agent Hans Hardisty (914) 489-7909
Listing office National Storage Partners (914) 489-7909
Listing date Jan 27, 2026
Source Nationalstoragepartners
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of National Storage Partners
HighLights
- High Economic Occupancy: Currently performing at 112%.
- Undersupplied Market: Located in Norwich with only 6.2 SF of storage per capita in a 5‑mile radius.
- Strong Potential for Rental Increases: Outlook for continued rental increases and maximizing occupancy.
- Stabilized Self Storage Conversion: A 4‑story building with 348 interior units.
- Diverse Unit Sizes: Units ranging from 5x3 to 20x30.
- Prime Location: Convenient access to Interstate 395 and nearby attractions.
Overview
This stabilized four-story self-storage conversion features 348 interior units, with sizes ranging from 5x3 to 20x30. The facility has been performing at 112% economic occupancy. Located in Norwich, CT, the property benefits from a market with 6.2 square feet per capita within a 5-mile radius. The property has a strong outlook for continued rental increases and maximizing occupancy. Norwich offers convenient access to major transportation routes, including Interstate 395. Nearby attractions include Mohegan Park, Slater Memorial Museum, and the Leffingwell House Museum. The area's budding business scene and robust industrial sector make it an ideal location for an industrial or self-storage venture. The property consists of 51,700 gross square feet and 35,700 net rentable square feet and is 90% occupied.
Property Profile
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
Radiant Storage
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- New London
- State
- Connecticut
- Longitude
- -72.0828
- Latitude
- 41.5098
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - Four-story self-storage facility with 348 units in Norwich, CT.
Where is this self storage facility located?
The property is located at 21 Terminal Way Norwich, CT.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: High Economic Occupancy: Currently performing at 112%.; Undersupplied Market: Located in Norwich with only 6.2 SF of storage per capita in a 5‑mile radius.; Strong Potential for Rental Increases: Outlook for continued rental increases and maximizing occupancy.
