52 Houlton RdPresque Isle, ME 04769

Property Details for 52 Houlton Rd

Year built

2004

Lot size

5.55 AC

Property type

Industrial properties

Property subtype

Self storage facilities

Description

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.

Location Insight

City

Presque Isle

County

Aroostook

State

Maine

Latitude

46.6571

Longitude

-68.0047

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