Self-Storage Portfolio
39 RIVER RD Lincoln, ME 04457
39 RIVER RD, Lincoln, ME, 04457
Contact for pricing
For Sale
Contact for pricing
Two-property self-storage portfolio with 170 drive-up, non-climate-controlled units totaling approximately 29,900 net rentable square feet.
Property Size29,900 SF
Price / SF$91.97
Days on Market41
Property Features for 39 RIVER RD
General Information
- Standard status
- Active
- Size
- 29,900 SF
- Property subtype
- Self Storage
Listing agency
Marcus & Millichap - Philadelphia
(215) 531-7088
Listed by
Andreas Makris · License #PARS366906
Source
Crexi
Added: Jun 12 Updated: Jul 21 at 7:19AM Checked: Jul 22 at 5:56PM
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 Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a for-sale self-storage portfolio consisting of two properties. The offering includes a combined total of 170 drive-up, non-climate-controlled storage units, totaling approximately 29,900 net rentable square feet. The portfolio is currently 94.7% occupied.
The two facilities are conveniently located within a 10-minute drive of one another, supporting efficient, streamlined on-site management.
This portfolio is presented as a turnkey investment with a manageable scale for an owner-operator or investor looking to oversee operations across both locations.
The two facilities are conveniently located within a 10-minute drive of one another, supporting efficient, streamlined on-site management.
This portfolio is presented as a turnkey investment with a manageable scale for an owner-operator or investor looking to oversee operations across both locations.
Key Highlights
- Two‑property self‑storage portfolio in Lincoln at 170 Lee Road and 39 River Road
- 170 drive‑up, non‑climate‑controlled units totaling approximately 29,900 net rentable SF
- 94.7% occupied across the portfolio
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $394.7k | $13.20 |
| − Vacancy | −$33.5k | −$1.12 |
| EGI | $361.1k | $12.08 |
| − OpEx | −$108.3k | −$3.62 |
| NOI | $252.8k | $8.45 |
29,900 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$3.61M
$3.16M – $4.21M
NOI $252,793 @ 7.0% cap · market cap 9.19%
Second Best
Warehouse
$2.84M
$2.48M – $3.31M
NOI $198,542 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$9.66M
$8.45M – $11.27M
NOI $675,979 @ 7.0% cap · market cap 24.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Safe Harbor Self ...
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Two-property self-storage portfolio with 170 drive-up, non-climate-controlled units totaling approximately 29,900 net rentable square feet.
Where is this self storage facility located?
The property is located at 39 RIVER RD Lincoln, ME.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑property self‑storage portfolio in Lincoln at 170 Lee Road and 39 River Road; 170 drive‑up, non‑climate‑controlled units totaling approximately 29,900 net rentable SF; 94.7% occupied across the portfolio
