Multi-Site Self-Storage
76 Stevens Rd, Brewer, ME 04412
For Sale
Contact for pricing
Two facilities on the same street comprise a single operating portfolio with non-climate-controlled units and outdoor parking rentals.
Property Size41,839 SF
Lot Size4.01 Acres
Price / SF$78.87
Days on Market8
Property Features for 76 Stevens Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Outdoor Storage
Self-Storage Units
Tenant in Place
Property Use
Building Details
Buildings
Listing Agency:
Franklin Street Tampa
Listed By:
David Perlleshi · License FL #333662
(914) 365-0752
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 5:38AM
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 Franklin Street Tampa
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Investment Insights
Based on property information with market context.
The self-storage portfolio includes 237 non-climate-controlled units totaling 41,839 NRSF, along with 10 outdoor parking rentals. Its two facilities occupy separate, non-adjacent parcels on Stevens Road in Brewer and are operated together. The properties sit on a combined 4.01 acres and have 85.02% unit occupancy. Remote management is supported by the existing operating setup.
Key Highlights
- 237 non‑climate‑controlled units totaling 41,839 NRSF
- 10 outdoor parking rentals
- Two non‑adjacent facilities on Stevens Road, operated as one portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,819
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,556,380
$5.6M
Cap Rate 7%
$3,968,843
$4.0M
Cap Rate 9%
$3,086,878
$3.1M
Market Conditions
NOI Build-Up for 41,839 SF
Gross rent
$351.4K $8.40/SF
− Vacancy
−$24.6K −$0.59/SF
EGI
$326.8K $7.81/SF
− OpEx
−$49.0K −$1.17/SF
NOI
$277.8K $6.64/SF
Area
Penobscot County, ME
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,556,380
Cap Rate 7%
$3,968,843
Cap Rate 9%
$3,086,878
Alternative Uses
Best Use
Self Storage
$5.05M
$4.42M – $5.90M
NOI $353,732 @ 7.0% cap · market cap 10.72%
Second Best
Warehouse
$3.97M
$3.47M – $4.63M
NOI $277,819 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$13.51M
$11.82M – $15.76M
NOI $945,896 @ 7.0% cap · market cap 28.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
85%
Occupancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - Two facilities on the same street comprise a single operating portfolio with non-climate-controlled units and outdoor parking rentals.
Where is this self storage facility located?
The property is located at 76 Stevens Rd Brewer, ME.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 237 non‑climate‑controlled units totaling 41,839 NRSF; 10 outdoor parking rentals; Two non‑adjacent facilities on Stevens Road, operated as one portfolio
