{"id":694,"date":"2021-05-26T18:56:24","date_gmt":"2021-05-26T18:56:24","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=694"},"modified":"2021-05-26T18:56:24","modified_gmt":"2021-05-26T18:56:24","slug":"maine-stabilized-four-property-portfolio-sells","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/maine-stabilized-four-property-portfolio-sells\/","title":{"rendered":"Maine Stabilized Four Property Portfolio Sells"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nThe Hatcher Group of Marcus &amp; Millichap recently brokered the sale of four stabilized self storage facilities in Southern Maine consisting of 92,275 combined net rentable square feet throughout 793 total units.<\/p>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-695 alignright\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2021\/05\/unnamed-4-640x365.jpg\" alt=\"\" width=\"640\" height=\"365\" \/><\/p>\n<p>The portfolio had a combined physical occupancy of 93.95% and there is an opportunity for upside via 15,000 fully approved and graded square feet for expansion in Oxford, a site which was built in 2019 and is already more than 96% occupied. The Windham location was expanded in 2018, which included climate controlled units and is already at 93% occupancy.<\/p>\n<p>Additionally, the new owner can add value by implementing tenant insurance and increasing rental rates, which are currently below market value.<\/p>\n<p>For more information, contact Nathan Coe at <a href=\"mailto:Nathan.Coe@MarcusMillichap.com\">Nathan.Coe@MarcusMillichap.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hatcher Group of Marcus &amp; Millichap recently brokered the sale of four stabilized self storage facilities in Southern Maine consisting of 92,275 combined net rentable square feet throughout 793 total units. The portfolio had a combined physical occupancy of 93.95% and there is an opportunity for upside via 15,000 fully approved and graded square feet for expansion in Oxford, a site which was built in 2019 and is already more than 96% occupied. The Windham location was expanded in 2018, which included climate controlled units and is already at&hellip;<\/p>\n","protected":false},"author":7,"featured_media":695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/694"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=694"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/694\/revisions"}],"predecessor-version":[{"id":696,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/694\/revisions\/696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/695"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}