investment highlights
- RARE OPPORTUNITY // The prospective buyer can immediately control roughly 50 percent of the Nantucket storage market, enabling meaningful rate influence and a durable competitive advantage.
- ISLAND MARKET PRESENCE // Serving Nantucket’s year-round and seasonal storage needs, the portfolio includes two institutional-quality self-storage facilities totaling 1,049 units and 111,001 NRSF across the island. Constructed in 2015 and 2021, the facilities provide modern storage solutions designed to accommodate both residential and commercial customers in one of New England’s most affluent and supply-constrained markets.
- AFFLUENT DEMOGRAPHICS // The 10-mile trade area is supported by average household incomes of $153,734, reflecting the strong purchasing power of Nantucket’s year-round residents and seasonal homeowners.
- STRONG DEMAND DRIVERS // Demand is driven by Nantucket’s thriving tourism economy, seasonal homeowner base, local businesses, contractors, and the island’s limited housing storage capacity, supporting long-term occupancy and rent growth potential. Annual tourism spending for Nantucket totals approximately $560-608 million dollars annually.
- SEASONAL POPULATION SURGE // The Nantucket trade area experiences a dramatic seasonal population increase, expanding from approximately 14,782 year-round residents to an estimated 65,220 people during peak summer months. This influx of seasonal homeowners, vacationers, contractors, and tourism-related businesses creates substantial demand for self-storage, driving activity across both personal and commercial storage segments.
