20% POTENTIAL CAP RATE !!! 33,000 SF BUILDING SELF-STORAGE BUILDING BUILT OUT AND READY TO GO. BUILDING IS LOCATED AT THE BUSY INTERSECTION OF ROUTES 12, 2A & 31 IN FITCHBURG, MA WITH REASONABLE ACCESS TO ROUTE 2. THE BUILDING CONSISTS OF 3 FLOORS WITH A FREIGHT ELEVATOR. LARGE 14 x 20 GROUND LEVEL DOOR ALLOWS VEHICLES TO DRIVE INSIDE THE BUILDING. BUILDING IS IN VERY GOOD OVERALL CONDITION. INCLUDES ALARM AND SECURITY SYSTEMS. APPROXIMATELY 200 STORAGE UNITS OF VARYING SIZES. PARKING IS LIMITED, BUT ADDITIONAL LAND COULD BE AVAILABLE ADJACENT TO BUILDING. PHASE II 21E SHOWED SOME SOIL AND GROUNDWATER ISSUES THAT WILL COST ABOUT $50,000 TO EITHER REMEDIATE OR PUT A PLAN IN PLACE THAT WILL ALLOW CONTINUED OPERATION.
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