Marcus & Millichap is pleased to exclusively offer for sale the Mullens Minis self storage portfolio located throughout the Albany, New York market and Western Massachusetts. This is a unique opportunity to buy five stabilized facilities totaling 217,885 net rentable square feet. This portfolio offers self storage, portable storage, and records storage. This stabilized, strong cash-flowing portfolio has a combined physical occupancy of 85 percent, and an economic occupancy of 69.51 percent. The five sits sit on a combined total acreage of 17.07.

The sites each enjoy limited competition in undersupplied self storage market. For example, the Schenectady location has only 3.36 net rentable square feet of storage per capita within three miles, and the Pittsfield location has only 3.97 net rentable square feet/capital within three miles. The average five mile saturation metric for all sites combined is 5.95, and is only 5.04 when you look at the just Adams, Pittsfield and Schenectady the three sites with the bulk of the self storage units. The Schenectady location has 153,296 people living within five miles. The Pittsfield and Ballston Spa locations have one-mile average household incomes of over $93,500.