Maine
Comprehensive Self Storage Resources for Maine
Discover essential resources tailored for self-storage owners and operators in Maine. From state-specific laws and regulations to connections with local associations and industry updates, this page is your go-to hub for reliable, up-to-date information to help you thrive in the self-storage business.
Maine Self Storage Association
The Maine Self Storage Association (MeSSA) is a trusted organization dedicated to supporting the self-storage industry in Maine.
By fostering collaboration among facility owners, operators, and vendors, MeSSA promotes best practices, provides valuable resources, and advocates for fair regulations.
Maine Self Storage Facts:
Number of storage facilities
Maine is home to more than 211 self-storage facilities. (source)
Legislation
The Maine Self-Service Storage Act outlines the legal framework for self-storage operations, including provisions for liens and property disposal when rent is unpaid. (source)
Per Capita Storage
Maine has 2.96 square feet of storage space per person, which is less than the national average of 5.4 square feet per person. (source)
Laws & Regulations
Operating Legally: Key Regulations for Self-Storage in Maine
News & Updates
Maine's Self-Storage Sector Thrives With Four Recent Sales and Growing Demand
Maine’s self-storage sector has demonstrated continued strength despite a shifting investment landscape, with four recent sales involving different sellers and buyers. According to CORE broker Ben Spencer, the sector has maintained a healthy volume of transactions, even as other real estate investments in the state have slowed.
Key Points
Chelsea Property
- Buyer: Herget Group LLC (Portsmouth, N.H.)
- Seller: Capitol Area Self Storage LLC
- Size & Price: 31,400 square feet for $2.95 million
- Condition: Facility is in good shape with room for expansion.
New Gloucester Property
- Buyer: Herget Group (New Gloucester Self Storage LLC)
- Seller: Snow Enterprises LLC
- Size & Price: 9,400 square feet for $662,500
- Condition: Owned as a family’s only commercial property, with opportunities for upgrades and expansion.
Topsham Property
- Buyer: 11 Compass Lane LLC (local operator with another Bath facility)
- Seller: Topsham Self Storage LLC
- Size & Price: 16,400 square feet for $1.645 million
- Condition: New facility with modern amenities, now part of Spaceman Self Storage.
Newcastle Property
- Buyer: Newcastle Storage LLC (local operator, owns JMC Storage in Windham)
- Seller: Estate of Mildred Welch
- Size & Price: 18,542 square feet for $1 million
- Condition: Facility inherited by the seller, with the buyer seeking to add value.
Maine's Shifting Self-Storage Landscape:
- Market Growth: Over 211 self-storage facilities across Maine, offering 3.8 million+ square feet of storage space.
- Pandemic Surge: Strong investor interest fueled growth post-pandemic.
- 2024 Shift: Higher interest rates, inflation, and cautious consumer behavior have pressured rental rates and occupancy levels.
- New Supply Growth: Rural areas have seen increased development due to fewer zoning restrictions, intensifying competition.
News & Updates
Lincolnville's Largest Self-Storage Property Hits the Market - High Visibility & Strong Income
Malone Commercial Brokers is offering a turn-key self-storage facility for sale on 9± acres in Lincolnville, Maine. The property, located at 550 Beach Road, features seven buildings with a total of 37,145± square feet and 270 units, including 25 temperature-controlled units—the only ones available within a 10-mile radius.
Key Points
Prime Location
- Visibility: 400± feet of street frontage with pylon signage for high visibility.
- Access: Located along State Route 173, which connects Lincolnville Center with Route 1 on the waterfront.
- Nearby Towns: Centrally positioned between Rockland, Camden, and Belfast, drawing a seasonal population during peak months.
Facility Features
- Size & Layout: Seven buildings totaling 37,145± SF
- Unit Count: 270 units, including 25 temperature-controlled spaces
- Construction Dates: Buildings were completed in 2020 and 1996, offering modern amenities and stable operations.
Financial Stability
- Cap Rate: 7.4%
- Current Income & Expenses: Demonstrate consistent performance, making it a secure investment opportunity.
Market Opportunity
- Dominant Facility: Largest storage facility in a 10-mile radius and the only one offering temperature-controlled units, positioning it as a premium choice.
- Potential for Growth: High visibility, strong demographics, and consistent income provide opportunities for continued revenue growth and potential expansion.
Events
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News & Insights
Alternate Contact vs. Alternate Access in Self Storage: Key Differences Explained
When renting a self-storage unit, understanding the roles of alternate contacts and alternate access is essential for both tenants and facility operators. An alternate contact is a designated person who can be reached if the primary tenant is unavailable, but this individual does not have automatic permission to access the storage unit. Alternate access, on the other hand, refers to
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Unmatched Usability: Why Simplicity Isn’t Just a Bonus. It’s a Game-Changer
In self-storage, time is money, and ease of use is often the difference between a productive day and a frustrating one. That’s why at QuikStor, we focus on something many overlook: the little details that make a big impact. Unmatched usability is not just a design choice. It is a strategic advantage. Whether you are a site manager moving tenants
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Meet QuikStor on the Road: AZSA & ISS Spring 2025
The self-storage industry is evolving rapidly, and staying ahead means leveraging the latest innovations in facility management, security, and operational efficiency. That’s why QuikStor is on the road again, making our next stops at two of the most important self-storage events of the year: 📍 AZSA Annual Conference & Trade Show | April 16-17, 2025 | Wē-Kō-Pa Casino Resort, Fort
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🔥 Blazing-Fast Reporting: The Future of Self-Storage Data at Your Fingertips
Why Reporting Matters More Than Ever In self-storage management, data is your most powerful tool. Whether you’re tracking revenue trends, occupancy, or delinquencies, fast and accurate reporting is critical for making smart business decisions. But if you’ve ever had to wait minutes—or longer—just to generate a report, you know how frustrating it can be. Some operators even joke, “I run
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Function of State Self Storage Associations: Uniting and Advancing the Industry
State self storage associations play a vital role in supporting and advancing the interests of self storage businesses within their respective states. These organizations serve as a unified voice for the industry, advocating for favorable legislation and providing valuable resources to their members. State associations function as industry representatives. They lobby politicians on behalf of small business owners and promote
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QuikStor Unveils Revolutionary New Self-Storage Management Software Under New Ownership
QuikStor, a pioneering force in the self-storage industry since 1987, proudly announces the release of its groundbreaking new self-storage management software at the Self Storage Association’s (SSA) 2024 Conference in Las Vegas. This launch marks a significant milestone in the company’s history, reflecting a renewed commitment to innovation under its new ownership. The journey to this revolutionary software began in
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10 Pros & Cons of Owning a Storage Facility
As with any business, owning a storage facility isn’t always a walk in the park. There are a lot of things to plan, assess and consider before deciding if investing in self-storage is the right step for you. Before making the leap into the storage industry, you need to know about all the unique and rewarding opportunities as well as understand the
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Getting Your Storage Facility to Appear in the Google Map Pack
If you haven’t already made Google Maps a priority in your self-storage business SEO strategy (and especially if you don’t have an SEO strategy), now’s the time to boost your online presence by capitalizing on this powerful and free feature. What is the Google Map Pack? The Map Pack, also known as the Local 3-Pack or Snack Pack, is the
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Zoning Requirements for Self-Storage
Building and developing a self-storage facility is a rigorous process, starting with understanding the zoning requirements for self-storage in your desired location. One of the first steps in launching your self-storage business is obtaining a zoning permit. After selecting the general area where you plan to build your facility, it’s crucial to familiarize yourself with all the zoning requirements and
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Storage Unit Auctions: When To Auction Delinquent Units and Why You Should
Self-storage units are a great way for people to store their items and personal belongings. Unfortunately, there are times when tenants renting the units don’t pay their dues and become delinquent. Storage unit auctions are the last resort facility owners undertake when these situations arise. When the tenant doesn’t pay their monthly dues or has simply just abandoned the unit,
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Should Your Facility Offer Tenant Insurance?
People store their personal belongings and properties in a self-storage facility unit to keep them safe and secured. Whatever reasons they may have for storage, they are entrusting their belongings to the facility. Items such as furniture, electronics, and motor vehicles are the most common items people store in their units, and these are all valuable to them. Even with
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