8 Northfield Road, Erving, MA 01344
26,100 SF storage facility on 2.59 acres in Erving.
- Added:
- Dec 26, 2023
- Days on Market:
- 924
- Last Refresh:
- May 18 at 8:07 pm
Property Features for 8 Northfield Road
General Information
- Standard status
- Active
- Size
- 26,100 SF
- Lot size
- 2.59 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing office The Murphys REALTORS,Inc. (413) 530-2275
Listing date Dec 26, 2023
Source Murphyrealtors
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 The Murphys REALTORS,Inc.
HighLights
- Large 26,100 sq ft storage facility.
- Established in 1985.
- Consists of five buildings.
- Total of 219 storage units.
- Units range in size from 5x5 to 10x30.
- Located on Northfield Road (Route 63) in Erving, MA.
Overview
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 | $344.5k | $13.20 |
| − Vacancy | −$17.2k | −$0.66 |
| EGI | $327.3k | $12.54 |
| − OpEx | −$98.2k | −$3.76 |
| NOI | $229.1k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Erving
- County
- Franklin
- State
- Massachusetts
- Longitude
- -72.480291
- Latitude
- 42.59092
