Stafford Storage

35,000 NRSF | 342 Units | 50 Parking Spaces | Stafford Springs, CT

INVESTMENT OVERVIEW

Nestled in the charming suburban community of Stafford, Connecticut situated only 30 minutes from the state’s capital of Hartford, Stafford Storage stands out as the premier self-storage facility in the area, covering approximately 35,000 net rentable square feet. This facility is designed to maximize income potential, featuring ample storage options as well as on-site parking options, amidst a region characterized by limited competition. The market demonstrates a robust demand for storage solutions, highlighted by an impressive 96% physical occupancy and 88% economic occupancy rates. Additionally, the property’s pre-approved, by-right expansion potential of 6,000 square feet presents a unique opportunity for new investors to capitalize on this demand.

Conveniently located off W. Stafford Road, which connects neighboring towns from east to west, Stafford Storage is easily accessible for all customers. The property boasts a selection of non-climate-controlled interior units, suited for New England’s weather conditions but equipped with dehumidifiers, to enhance the control of the temperature at certain times of year.

With a paved lot, secure keypad entry, 24- hour surveillance, as well as hydraulic lift loading docks which facilitate the handling of heavy items, tenants can expect a safe and convenient storage option and being the most equipped facility within the immediate trade area, consumers can consider this the most premium option for storage. The variety of unit sizes meets all storage requirements while rental rates are positioned strategically to ensure robust cash flow.

INVESTMENT HIGHLIGHTS

  • 35,000 NRSF | 342 Units + 50 Parking Spaces.
  • Physical Occupancy 96% | Economic Occupancy 88%.
  • The primary self-storage option for consumers within trade area.
  • Convenient location with strong visibility from W Stafford Road.
  • Limited competition within the immediate trade area.
  • Ability to improve operations with an upgraded management style.

FACILITY SUMMARY

Property Name: Stafford Storage
Address: 40 W Stafford Rd, Stafford Springs, CT 06076
Total NRSF: 35,000 NRSF
Total Units: 342 Units | 50 Parking Spaces
Physical Occupancy: 96%
Economic Occupancy: 88%
Building Count: 1 Building

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