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33243 Old Ocean City Rd - Bigger Garage Self-Storage 3,900 SF Specialty Building Offered at $1,387,110 CAD at a 6.92% Cap Rate in Parsonsburg, MD 21849



Investment Highlights
- Self-Storage - 83 Units, 9,100 NRSF; Dwelling - 1,137 SF.
- Additional Income Stream: Professionally managed & recently updated 1,137 SF residential dwelling generating $1,600/month in rental income.
- Remote Ownership Opportunity: Professional management with minimal on-site maintenance requirements.
- Recently repositioned facility demonstrating strong leasing momentum and market demand.
Executive Summary
Bigger Garage Self Storage is a remotely managed 9,100 NRSF self-storage investment opportunity on 1.3+/- acres located in Parsonsburg, MD. The 83-unit drive-up facility combines strong occupancy with an efficient operating structure and recent repositioning. The property has professional management already in place through Bigger Garage Management Company and minimal day-to-day maintenance requirements. With limited competing facilities and additional monthly rental income of $1600 from a professionally managed and recently updated 1,137 SF residential dwelling, the property offers an attractive entry point for a first-time self-storage investor or as a strategic acquisition for an existing operator. This manageable asset with proven demand, multiple income streams, and an established operating structure provides an opportunity to step into self-storage or to expand your portfolio without having to build the business from the ground up.
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- Operating and Financials
Property Facts
| Price | $1,387,110 CAD | Building Class | C |
| Price Per SF | $152.43 CAD | Lot Size | 1.33 AC |
| Sale Type | Investment | Building Size | 9,100 SF |
| Cap Rate | 6.92% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1997 |
| Property Subtype | Self-Storage |
| Price | $1,387,110 CAD |
| Price Per SF | $152.43 CAD |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 9,100 SF |
| No. Stories | 1 |
| Year Built | 1997 |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04-003594 | Improvements Assessment | $267,942 CAD |
| Land Assessment | $105,671 CAD | Total Assessment | $373,613 CAD |
Property Taxes
Parcel Number
04-003594
Land Assessment
$105,671 CAD
Improvements Assessment
$267,942 CAD
Total Assessment
$373,613 CAD
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33243 Old Ocean City Rd - Bigger Garage Self-Storage
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