United Storage Swansea

Location: Swansea, MA
Type: Self Storage
Price: $5,500,000

SMC has provided a $5,500,000 ten-year fixed rate mortgage for the refinance of United Storage Swansea, a single story self-storage storage facility located in Swansea, Massachusetts. The Property is located 1.3 miles from Interstate 195 and 11.2 miles east of downtown Providence, Rhode Island and has excellent frontage and visibility on Route 6 / Grand Army of the Republic Highway, with a daily traffic count of approximately 20,000 VPD. The Property was built in 1988 and consists of 454 storage units and 14 office suites available for rent. The Property was approximately 97% occupied in the twelve months ended November 2021. The average self-storage unit is approximately 118 SF and the average office suite is 160 SF. Additionally, the Property offers gated entry with keypad access, exterior lighting, perimeter fencing, and security cameras. There is an on-site leasing office and manager’s apartment.