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Roo Self Storage
610 New Britain Ave, Farmington, Connecticut 06032
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Property Info
Price: $2,150,000
Units: 150
Year Built:
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Broker Contact Info
Luke Dawley
614.360.9807
Luke.Dawley@marcusmillichap.com
Opportunity
The Market
Investment
Map
Hartford, Connecticut MSA Self-Storage Offering with Expansion Upside
POPULATION
In 2024, the population in your selected geography is 85,629. The population has changed by 2.22 percent since 2010. It is estimated that the population in your area will be 85,586 five years from now, which represents a change of -0.1 percent from the current year. The current population is 51.9 percent male and 48.1 percent female. The median age of the population in your area is 43.0, compared with the U.S. average, which is 39.0. The population density in your area is 1,088 people per square mile.
HOUSEHOLDS
There are currently 35,103 households in your selected geography. The number of households has changed by 3.84 percent since 2010. It is estimated that the number of households in your area will be 35,214 five years from now, which represents a change of 0.3 percent from the current year. The average household size in your area is 2.4 people.
INCOME
In 2024, the median household income for your selected geography is $112,910, compared with the U.S. average, which is currently $76,141.The median household income for your area has changed by 50.22 percent since 2010. It is estimated that the median household income in your area will be $122,807 five years from now, which represents a change of 8.8 percent from the current year.
The current year per capita income in your area is $54,922, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $136,620, compared with the U.S. average, which is $101,307.
EMPLOYMENT
In 2024, 45,201 people in your selected area were employed. The 2010 Census revealed that 70.3 percent of employees are in white-collar occupations in this geography, and 16.1 percent are in blue-collar occupations. In 2024, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 25.00 minutes.
HOUSING
The median housing value in your area was $354,443 in 2024, compared with the U.S. median of $321,016. In 2010, there were 26,105.00 owner-occupied housing units and 7,694.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2024 had a lower level of educational attainment when compared with the U.S averages. 46.7 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 8.8 percent completed a bachelor’s degree, compared with the national average of 21.1 percent.
The number of area residents with an associate degree was higher than the nation’s at 10.2 percent vs. 8.8 percent, respectively.
The area had fewer high-school graduates, 1.3 percent vs. 26.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 25.9 percent in the selected area compared with the 19.7 percent in the U.S.
• Hartford, Connecticut MSA Self-Storage Offering with Expansion Upside
• 14,288 Net Rentable Square Feet
• 115 Non-Climate Units, Two Storage Sheds, and 33 Outdoor Parking Spaces
• Stabilized Facility:100 Percent Physical Occupancy with a Waiting List
• Seller Currently Occupies Two Shed Units, Three Storage Units, and Four Parking Spaces that Could be Rented Out for Additional Upside
• Room For Expansion – Previously Approved Site Plan on Page Six
• Around 1,200 Residential and Multi-Family Units Being Developed in the Area
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Well Above the National Average
• Average HHI: 1-Mile: $155,693 | 3-Miles: $147,395 | 5-Miles: $136,620