Nantucket Two-Property Self Storage Portfolio in Nantucket, Massachusetts
Old South Road Nantucket, MA
Asking price
Price not disclosed
Units
1,049
Cap rate
—
Price / unit
—
About this property
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. Broker Information Adam Schlosser Executive Managing Director Phone: 303.328.2044 Email: aschlosser@marcusmillichap.com License: CO FA100050407 Ian Lindahl Director Phone: 303.328.2062 Email: ian.lindahl@marcusmillichap.com License: CO FA100091294 Charles "Chico" LeClaire Executive Managing Director Phone: 303.328.2025 Email: cleclaire@marcusmillichap.com License: CO EA00147681 Thomas Shihadeh Broker of Record Phone: 617.896.7250 Email: thomas.shihadeh@marcusmillichap.com License: 1000485 Download Marketing Package " * " indicates required fields Comments This field is for validation purposes and should be left unchanged. First Name * Last Name * Email * Phone * Title Company What is your role in the industry? * Principal Broker Other Confidentiality agreement this confidentiality agreement (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as Nantucket two-property storage portfolio. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners. BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement. THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: 1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it. 2.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Units | 1,049 |
| Building size | 111,001 sq ft |
| First seen by UnitListed | Oct 13, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 13, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 13, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 13, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
