Derry Self Storage in Derry, N.H., recently sold for $1 million to CROM LLC. The acquisition will enable CROM to expand its Granite Clover Self Storage brand into the Derry-Londonderry region, according to principal Ed Smith.
Built in the mid-1980s, the property at 125 Windham Road encompasses more than 4 acres. It includes 35,150 square feet of storage space in 287 units and five buildings. One of the original buildings was removed in 2011 and replaced with a new structure of the same footprint, according to a property listing on LoopNet.com. The replacement enabled the property owner to create a new unit mix, substituting 25 10-by-30 units with 87 5-by-5 and 10-by-10 units.
In addition, a 3,250-square-foot building was added in 2002. The facility features a two-story office and manager’s residence, which underwent remodeling including a new roof, laminate flooring, a dishwasher and updated windows. Amenities include gated entry and video cameras.
Dan Scanlon, a senior associate for global commercial real estate company Colliers International represented the seller in the transaction. Representing the buyer was Joseph Mendola, senior vice president of NAI Norwood Group, an affiliate of NAI Global, which manages a network of independently owned commercial real estate brokerage firms.
Founded in 1999, Granite Clover Self Storage has four locations in Amherst, Derry, Nashua and Pembroke, N.H. The company’s facilities offer packing and moving supplies, rental trucks, and video cameras as well as mobile-storage services.