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CubeSmart Self Storage (Managed)
93 Vermont Route 106, North Springfield, Vermont 05150
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Property Info
Price: $4,600,000
Units: 198
Year Built: 2003
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Download Marketing Package
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Broker Contact Info
Brett Hatcher
614.360.9043
Brett.Hatcher@marcusmillichap.com
Opportunity
The Market
Investment
Map
North Springfield, Vermont Self-Storage Offering
See marketing package for property demographics.
• North Springfield, Vermont Self-Storage Offering
• 27,025 Net Rentable Square Feet
• 197 Non-Climate-Controlled Drive-Up Self-Storage Units and One Outdoor Equipment Storage Space on a Long-Term Lease to a Cell Tower Company
• Excellent Visibility Along Vermont Route 106 (~7,800 Vehicles/Day)
• Limited Competition: Nearest Self-Storage Facility is Located Nearly Six Miles Away and There are No Institutional Competitors
• Strong Historical Occupancy Rates: Facility has Been at Least 88% Physically Occupied for the Last 32 Months with an Average Length of Stay of Over 50 Months
• Room for Expansion: Seller’s Proposed Plan Would Add 84 10×20 Units for a Total of 16,800 Additional NRSF
• Situated Within 30 Minutes of Okemo Mountain and 45 Minutes of Killington Resort, Perfectly Positioned to Capture High Value Storage Demand from Vermont’s Premier Four-Season Tourist Corridor
• Immediate Proximity to North Springfield Lake and the Black River Provides Demand from a Diverse Demographic of Outdoor Enthusiasts Requiring Year Round Storage for Skis, Boats, and Off-Road Vehicles
• Tech‑Driven Revitalization: 100 River Street Redevelopment and Black River Innovation Campus Expansion Position North Springfield as an Emerging Regional Tech Hub.
• Tier 1B Incentive Tailwinds: Pending Designation Would Streamline Approvals and Accelerate Investment Through State‑Level Incentives.
