Massachusetts Peabody

The subject property is located at 137 Summit Street, Peabody, Massachusetts, which is approximately fifteen miles northeast of Boston. The property was acquired in 2017. The original improvement was developed in 1984 and is constructed of solid masonry, decorative block, and steel trusses on 4.47 acres. The property was converted from a 56,000 office/warehouse building to a two-and four-story Class “A” fully climate-controlled facility consisting of 118,934 GBA/88,436 NRA with 1,042 self-storage units. The property opened on November 9, 2018. The property is an infill location with substantial frontage and visibility from Summit Street and easy access from both the east and west bound Yankee Division Highway (Route 128). The property was sold in 2021.

This is a project that was developed while Russ Colvin, President, was CEO of another entity, North American Self Storage.