Property profile

8 Northfield Rd Erving, MA 01344

OFF-MARKET
Commercial real estate
2.59 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-established self-storage facility situated on a spacious 2.59-acre lot at 8 Northfield Road (Route 63) in Erving, Massachusetts. Established in 1985, the property comprises five buildings totaling 26,100 square feet and offering a diverse range of 219 storage units. Unit sizes vary to accommodate a wide spectrum of customer needs, ranging from compact 5x5 units to larger 10x30 units. The property's strategic location on a major thoroughfare ensures high visibility and convenient access for customers. The current configuration of the facility has not yet undergone a formal assessment by the Town of Erving. This presents a unique opportunity for a buyer to potentially optimize operations and potentially increase revenue streams. The asking price for this turnkey self-storage business is $3,000,000. This represents a substantial investment in a proven, established business with significant potential for future growth and profitability. The property's size and established customer base make it an attractive proposition for investors seeking a stable and income-generating asset in a desirable location. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Commercial real estate
Year built 1985
Lot 2.59 ac (112,820 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Northfield Rd Erving, MA 01344
Erving metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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