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Extra Space Storage (Managed) – Malden, MA
1 Wesley Street, Malden, Massachusetts 02148
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Property Info
Price: $
Units: 717
Year Built: Renovated 2025
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Download Marketing Package
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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Inland, Suburban Boston REIT Managed Self Storage Facility
POPULATION
In 2025, the population in your selected geography is 528,599. The population has changed by 11.64 percent since 2010. It is estimated that the population in your area will be 533,565 five years from now, which represents a change of 0.9 percent from the current year. The current population is 49.6 percent male and 50.4 percent female. The median age of the population in your area is 38.0, compared with the U.S. average, which is 40.0. The population density in your area is 6,717 people per square mile.
HOUSEHOLDS
There are currently 213,338 households in your selected geography. The number of households has changed by 14.04 percent since 2010. It is estimated that the number of households in your area will be 216,112 five years from now, which represents a change of 1.3 percent from the current year. The average household size in your area is 2.5 people.
INCOME
In 2025, the median household income for your selected geography is $99,352, compared with the U.S. average, which is currently $78,171. The median household income for your area has changed by 77.60 percent since 2010. It is estimated that the median household income in your area will be $119,205 five years from now, which represents a change of 20.0 percent from the current year.
The current year per capita income in your area is $50,303, compared with the U.S. average, which is $41,680. The current year’s average household income in your area is $123,274, compared with the U.S. average, which is $103,571.
EMPLOYMENT
In 2025, 300,273 people in your selected area were employed. The 2010 Census revealed that 58.2 percent of employees are in white-collar occupations in this geography, and 18.3 percent are in blue-collar occupations. In 2025, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 31.00 minutes.
HOUSING
The median housing value in your area was $671,497 in 2025, compared with the U.S. median of $333,538. In 2010, there were 85,737.00 owner-occupied housing units and 101,318.00 renter-occupied housing units in your area.
• Inland, Suburban Boston REIT Managed Self Storage Facility
• Located in the Affluent Suburb of Malden
• Former Facility that was Completely Renovated and Rebranded as Extra Space Storage in Late 2024
• Industrial Building and Overall Site Improvements Completed Summer 2025
• 74,795 Net Rentable Square Feet | 717 Climate Controlled Units
• One NNN Warehouse Tenant and a Kiosk Water Tenant Generating Passive Income
• Future Expansion Opportunity to add 141 Non-Climate-Controlled Units Totaling 25,350 Net Rentable Square Feet in the Rear of the Building
• Additional Ancillary Income Opportunities Including a 20 Year Solar Lease with Approvals Currently In-Process with the Utility Company
• Property Has Large Monument Sign at Back of the Property With Visibility on Route 1 That Could be a Billboard or Site Signage
• Only 4.56 Net Rentable Square Feet of Storage Per Capita Within Fives Miles
• Improvements Completed This Year Include: New Roof, New HVAC System, Complete Office and Lobby Renovation, ADA Entrance Added, Replaced Parking Lot, New Paint and Lighting, and NOKE Lock System Access
• $117,949 Average Household Income of People Living Within One Mile
• Very Dense Submarket | 532,773 People Living Within Five Miles | 245,719 Within Three
• Tremendous Location Just Off of Route 1 and Surrounded By Dense Residential Neighborhood Near North-End Suburb – About Seven Miles From Downtown and Less Than Two Miles From Cambridge
