The Market

Marcus & Millichap is pleased to offer for sale a self-storage opportunity located in Newtown, Connecticut. This property plans to feature 282 climate-controlled units and 40 non-climate units totaling 35,500 net rentable square feet. This facility will benefit from an affluent, growing, and undersaturated surrounding population. The Newtown, Connecticut Storage Opportunity will sit on 2.59 acres of land and is located about 18 miles north-west of New Haven, Connecticut.

See marketing package for demographics.

• List Price For Land & Site Plan Approvals: $1,600,000
• Estimated Construction Budget: $4,460,000 (44,600 gross square feet * $100/SF)
• All in Cost: $6,060,000
• Estimated Certificate of Occupancy Value: $7,300,000

• Newtown, Connecticut Self Storage Opportunity
• Proposed 35,500 Net Rentable Square Feet; 282 Climate-Controlled Units, 40 Non-Climate Units
• Affluent Area – Average Household Income of $165,941 of People Living Within a One Mile Radius
• Undersaturated Market – 5.64 Net Rentable Square Feet Per Person Living Within a Three-Mile Radius
• Population has Increased by Over 12 Percent Since the Year 2000 Within a Five Mile Radius

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