Listing Agency: Stone House Properties, LLC

Listed By: Rich Aldrich · License #MA

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 12:18AM

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Investment Insights

Based on property information with market context.

This self-storage property includes 89 units distributed across two parcels, with 59 units on one parcel and 30 on the other. The site also includes a 2400 SF building divided into two 1200 SF spaces, each served by a separate utility meter.

The property is adjacent to Route 20 and is fully occupied. A new furnace is installed in the building, which is also identified as suitable for conversion to heated storage. The combination of storage units, additional building area, and separate utility metering provides a defined mix of existing storage and flexible enclosed space.

Key Highlights

• 89 storage units across two parcels: 59 units and 30 units
• 2400 SF building divided into two 1200 SF spaces
• Separate utility meters serve each 1200 SF building space

Property Analytics

Property Profile

Current Use

Self storage facilities

Suggested Use

Top Pick Auto Parts Store Dental Office Parking Lot & Garage Storage Facility Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

360

Businesses Nearby

Explore this area Business Placement

Demographics for 01238, MA

5,722

Population

3,069

Households

1.9

Avg Household Size

51

Median Age

46%

College-Educated

99%

High-School Grad

27.6 sq mi

ZIP Area

207

Density / Sq Mi

$74,469

Median Household Income

$47,035

Median Earnings

$1,255

Median Rent

$332,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Fully occupied self-storage property includes a building divided into separately metered spaces.

Where is this self storage facility located?

The property is located at 16 & 35 Canal St Lee, MA.

What are key features of this property?

This property features: 89 storage units across two parcels: 59 units and 30 units; 2400 SF building divided into two 1200 SF spaces; Separate utility meters serve each 1200 SF building space