52 Houlton Rd Presque Isle, ME 04769

This exceptional investment opportunity presents a highly occupied, two-property self-storage portfolio totaling 53,076 net rentable square feet and 372 non-climate-controlled units. Located in Presque Isle and Mars Hill, Maine, these facilities boast a current 7.30% cap rate with a pro-forma cap rate of 9.09%, reflecting a strong NOI of $328,686 and a pro-forma NOI of $409,066. The properties, built in 2004, are situated on a combined 5.55 acres and consist of twelve buildings. Their proximity (less than 15 minutes apart) allows for efficient management and operational synergies. The portfolio benefits from limited competition within a five-mile radius of each location, presenting significant potential for revenue growth through rental increases and expansion. The Mars Hill location offers additional land for future expansion. This is a turnkey operation, currently managed remotely, providing immediate cash flow for the buyer. The asking price is $4,500,000. APN: PREE M:008 B:343 L:052; MHIL M:01 L:025A. Addresses: 52 Houlton Rd, Presque Isle, ME 04769 and 161 Clark Rd, Mars Hill, ME 04758.