For Sale
$3,900,000

374 Roosevelt TrlNaples, ME 04055

Brand new, 211-unit facility in Maine's lakes region.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 37,500-square-foot self-storage facility situated on a 5.27-acre lot in Naples, Maine. Built in 2023, this Class B property boasts 211 units currently operating at 50% occupancy, offering significant upside potential. The six-building complex is zoned for commercial use and benefits from its location in a rapidly developing area of Naples, known for its proximity to Sebago Lake, Brandy Pond, and Long Lake. The property's current multi-tenant occupancy stands at 211 tenants. The asking price is $3,900,000. This value-add investment is ideal for a 1031 exchange, offering easy management and significant long-term growth prospects due to the minimal deferred maintenance and prime location within a thriving community experiencing substantial residential and commercial growth. The net rentable square footage is 37,500 square feet. This represents a compelling opportunity to acquire a high-potential self-storage asset in a desirable market.

Highlights

  • Brand new construction.
  • Excellent condition; no deferred maintenance.
  • Prime Naples location near Sebago Lake, Brandy Pond, and Long Lake.
  • Easy-to-manage property.
  • Ideal for a 1031 exchange.

Property Details for 374 Roosevelt Trl

Property type
Self storage facilities, Industrial properties
Square Feet
37,500 SF
Class
B
Year Built
2023
Buildings
6
Lot Size (sq. ft)
229,561 SF
Units
211

Location Insight

City
Naples
County
Cumberland
State
Maine
Latitude
43.965880864494
Longitude
-70.58045896664
374 Roosevelt Trl, Naples, Maine

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374 Roosevelt Trl
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