Newport, NH
$5,695,000
Newport Self Storage is a newly constructed (2025) 51,000 SF self-storage facility offering 347 non-climate-controlled units along the Route 11 corridor in Newport, New Hampshire. The property serves a broad trade area encompassing Newport, Claremont, Sunapee, and the greater Lake Sunapee region, benefiting from prominent Route 11 signage that drives consistent traffic despite a set-back position.
Purpose-built for operational efficiency, the property features a fully fenced and gated perimeter, keypad-controlled access, and wide drive aisles accommodating large moving vehicles. As a newly delivered asset, the facility requires minimal capital investment and is well-suited for remote management and automated operations.
With in-place rents currently below market, the asset offers a clear and measurable value-add opportunity through lease-up and rate optimization. The surrounding market is supported by a diverse economic base, ongoing residential development, and strong seasonal demand from the Lake Sunapee second-home owners and recreational traffic providing a consistent and growing pipeline of storage demand.
Further enhancing the investment’s overall strength, a 14,700 SF warehouse and ~5,400 SF office building is leased to a long-term tenant, providing immediate, stable cash flow and meaningful income diversification, thereby reducing overall risk from day one.
