Hillside Self Storage

19,190 NRSF + 35,250 SF Expansion | 155 Units | Greenville, NH

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INVESTMENT OVERVIEW

Hillside Self Storage is a newly built, all drive-up self-storage facility totaling just under 20,000 NRSF in the well-established market of Greenville, NH. Currently operating at 94% physical and 96% economic occupancy, the facility demonstrates clear market demand and strong income stability. With easy access to surrounding communities, Hillside Self Storage benefits from a customer base with strong household incomes. Current rental rates of the subject property are lower than every competitor within a 10-mile radius, assuring success in potential rental rate growth and increased monthly cash flow.

The facility also includes over 35,250 gross square feet of approved expansion space, offering immediate upside for investors seeking long-term value and scalability in a market that continues to show its demand. The office/apartment building on site currently acts as a source of income, through a month- month residential lease, however, the building offers both 10X10 or 12X12 SF spaces which are up to code to act as an office space, should an investor want full time personnel on the property to maintain and manage operations.

INVESTMENT HIGHLIGHTS

  • Stabilized Facility: High occupancy rates support need for expansion.
  • Value-Add Opportunity: 35, 250 gross SF approved expansion, to increase rentable square footage and  long term cashflow.
  • Strong Surrounding Market: Located in and around a strong consumer income area, boosting confidence in future rental rates.
  • Minimal Competition: Potential for stronger rental rates. Lower rental rates than every competitor within a 10-mile radius.

LEAD BROKER

Taylor Dooley

Taylor Dooley  | Vice President of Investments
O: 727.219.2642 | M: 508.681.5924
Taylor@meridianstoragegroup.com
FL Lic. SL3416087

FACILITY SUMMARY

Property Name: Hillside Self Storage
Address: 69 Old Mason Center Road, Greenville, NH 03048
County: Hillsborough County
Land Size: 3.3 Acres
Total NRSF: 19,190 + 35,250 gross SF Approved Expansion Plans
Total Units: 155 Units
Physical Occupancy: 94%
Economic Occupancy: 96%
Building Count: 5 Buildings