For Sale
$19,000,000

324 Middlesex Rd Tyngsborough, MA 01879

899 Units, High NOI, Boston Area

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional Class A self-storage facility in Tyngsborough, Massachusetts, presents a compelling investment opportunity. Located just 30 miles from the Boston MSA, this multi-story, climate-controlled property boasts 100,884 net rentable square feet across 899 units, built in phases between 2018 and 2022. The property sits on a 15.87-acre lot and includes 27 parking spaces. Currently operating at 79% occupancy, the property generates a strong NOI of $758,691, with a pro-forma NOI projected at $1,361,881 and a pro-forma cap rate of 7.17%. The asking price is $19,000,000, representing a current cap rate of 3.99%. The property benefits from a high-income demographic, with median household incomes exceeding $100,000 within a 3-5 mile radius, and a population of 100,000 within a 5-mile radius, projected to grow by 2.9%. The property is zoned B3 and features a fee simple ownership. Significant upside potential exists through increased occupancy and the addition of tenant insurance, projected to yield over $46,000 annually upon stabilization. This is a rare opportunity to acquire a high-performing, institutional-quality self-storage asset in a rapidly growing market. The property's location along Route 3A ensures high visibility and accessibility.

Highlights

  • Class A trophy self-storage facility, 30 miles from Boston MSA.
  • New, multi-story, climate-controlled building; no immediate capital expenditures needed.
  • High-income area: Median household income exceeds $100,000 within a 3-5 mile radius.
  • Significant upside potential through institutional-level tenant occupancy, flexible lease terms, and targeted marketing.
  • Dense population: 100,000 residents within a 5-mile radius, with projected 2.9% growth.
  • Substantial supplemental income potential: Tenant insurance projected to yield over $46,000 annually upon stabilization.

Property Details for 324 Middlesex Rd

Property type
Self storage facilities, Industrial properties
Square Feet
100,884 SF
Class
A
Year Built/Renovated
2018/2022
Buildings
899
Stories
3
Lot Size (sq. ft)
691,297 SF
Units
899

Location Insight

City
Tyngsborough
County
Middlesex
State
Massachusetts
Latitude
42.684741234035
Longitude
-71.429566709967
324 Middlesex Rd, Tyngsborough, Massachusetts

FAQs

What type of property is this?
Self storage facility - 899 Units, High NOI, Boston Area
Where is the self storage facility located?
The property is located at 324 Middlesex Rd Tyngsborough, MA.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: Class A trophy self-storage facility, 30 miles from Boston MSA.; New, multi-story, climate-controlled building; no immediate capital expenditures needed.; High-income area: Median household income exceeds $100,000 within a 3-5 mile radius.
How can I contact the broker?
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324 Middlesex Rd
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