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Winnipesaukee Self Storage
1477 Lake Shore Rd, Gilford, New Hampshire 03249
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Property Info
Price: $9,750,000
Units: 512
Year Built: 2024
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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Class A Self-Storage Facility With Planned Phase II Expansion in New Hampshire’s Lake Region
POPULATION
In 2023, the population in your selected geography is 27,038. The population has changed by 9.47 since 2010. It is estimated that the population in your area will be 28,210 five years from now, which represents a change of 4.3 percent from the current year. The current population is 48.5 percent male and 51.5 percent female. The median age of the population in your area is 47.4, compared with the U.S. average, which is 38.7. The population density in your area is 343 people per square mile.
HOUSEHOLDS
There are currently 11,894 households in your selected geography. The number of households has changed by 13.00 since 2010. It is estimated that the number of households in your area will be 12,475 five years from now, which represents a change of 4.9 percent from the current year. The average household size in your area is 2.2 people.
INCOME
In 2023, the median household income for your selected geography is $71,561, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 40.53 since 2010. It is estimated that the median household income in your area will be $83,797 five years from now, which represents a change of 17.1 percent from the current year.
The current year per capita income in your area is $44,126, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $99,680, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 13,908 people in your selected area were employed. The 2010 Census revealed that 60.3 percent of employees are in white-collar occupations in this geography, and 24.3 percent are in blue-collar occupations. In 2023, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 22.00 minutes.
HOUSING
The median housing value in your area was $296,897 in 2023, compared with the U.S. median of $268,796. In 2010, there were 6,977.00 owner-occupied housing units and 3,550.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. Only 12.3 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 19.3 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was higher than the nation’s at 10.6 percent vs. 8.5 percent, respectively.
The area had more high-school graduates, 31.6 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is lower than the average for the nation, at 19.3 percent in the selected area compared with the 20.1 percent in the U.S.
• Class A Self-Storage Facility With Planned Phase II Expansion in New Hampshire’s Lake Region
• Located in the Town of Gilford, and in Very Close Proximity to Paugus Bay, Beach Club Village, and Lake Winnipesaukee
• Phase I Opened on September 1st, 2024
• Phase I Consists of 39,917 Net Rentable Square Feet and 512 Climate Controlled Units
• Permits In-Place & Majority of Earthwork Completed for Future Phase II Expansion That Will More Than Double the Square Footage
• Seller Has Spent Significant Dollars on Phase II Prep Work | Estimates Around $4.5M to Build Out Phase II
• Phase II Land Could be Sold Alongside Phase I or Kept Out of the Sale
• Excellent Location and Visibility Right on Lake Shore Road (US-3), the Main Thoroughfare in the Area
• On-Site Self-Service Kiosk Rental Center
• Affluent Market: Average Household Income of $127,970 of People Living Within a One-Mile Radius