Self Storage Facility with Climate
For Sale
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49 James St, Worcester, MA 01603
Self-storage facility offering both climate-controlled and non-climate-controlled units with projected Year 1 NOI of $563,058.
Property Size52,890 SF
Days on Market107
Property Features for 49 James St
General Information
Standard status
Active
Size
52,890 SF
Property subtype
Self Storage
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 21 at 8:15PM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
This self-storage facility includes both climate-controlled (CC) and non-climate-controlled (NCC) storage units, totaling 52,890 square feet of rentable space. The property is presented as a stabilized asset with performance supported by a Year 1 projected Net Operating Income (NOI) of $563,058 and expectations for steady growth over subsequent years. Current rents are described as below market, supported by the ability to adjust rates in line with nearby competitors, alongside low vacancy.
Located at 49 James Street in Worcester, Massachusetts, the facility is described as being in a high-traffic location with steady demand. The offering includes investment forecast metrics of a 5-year internal rate of return (IRR) of 18.9% and an equity multiple of 2.29x, based on a Year 5 exit cap rate of 5.51%.
Located at 49 James Street in Worcester, Massachusetts, the facility is described as being in a high-traffic location with steady demand. The offering includes investment forecast metrics of a 5-year internal rate of return (IRR) of 18.9% and an equity multiple of 2.29x, based on a Year 5 exit cap rate of 5.51%.
Key Highlights
- Self‑storage facility at 49 James Street, Worcester, MA with 52,890 SF of rentable space
- Mix of climate‑controlled (CC) and non‑climate‑controlled (NCC) units totaling 52,890 SF
- Year 1 projected Net Operating Income (NOI) of $563,058 with steady expected growth
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility offering both climate-controlled and non-climate-controlled units with projected Year 1 NOI of $563,058.
Where is this self storage facility located?
The property is located at 49 James St Worcester, MA.
What are key features of this property?
This property features: Self‑storage facility at 49 James Street, Worcester, MA with 52,890 SF of rentable space; Mix of climate‑controlled (CC) and non‑climate‑controlled (NCC) units totaling 52,890 SF; Year 1 projected Net Operating Income (NOI) of $563,058 with steady expected growth
