Description

Bigger Garage Self-Storage is a for-sale self-storage property at 33243 Old Ocean City Road in Parsonsburg, MD. Its 83-unit operation is 85% occupied, giving a buyer an operating property with an established tenant base and units currently available for rental.

The Property comprises 9,100 SF on 1.3 acres, with 12 units available. For a self-storage investor, the combination of occupied units and units still to rent makes current operations and leasing activity central to the acquisition. The unit count establishes the scale of the business, while the site area and building size define the real estate included in the sale. At 85% occupancy, the property has income from its existing tenants without relying entirely on future leasing to support the investment case. The available units also give an incoming owner a clear area of operational focus.

The asking price is $995,000, or $11,987.95 per unit and $109.34 PSF; the land pricing is $765,384.62 per acre. NOI is $68,871, with a 6.92% cap rate. These figures let buyers weigh the acquisition against its current income, physical scale and unit count rather than treating the site solely as a land purchase. Bigger Garage Self-Storage is an operating self-storage investment whose existing occupancy supports the income story, while its available units leave room for the next owner to continue leasing the property.