570-575 Mooney Street & 460 MacEwan Street
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For Sale: Industrial, Other -
For Sale: Industrial, Other -
For Sale: Industrial, Other -
For Sale: Industrial, Other
43.7291245, -81.69944
570-575 Mooney Street
460 MacEwan Street
Goderich ON N7A 3X8
Canada
Listing Agents
Building Information
570 Mooney Street, Goderich, ON
Asset Highlights
- 90 Units
- Efficient 11,310 SF asset with a compact 90-unit footprint
- Highest achieved in-place rent per occupied square foot in the portfolio at $1.46/SF/month, indicating healthy pricing integrity.
- Current occupancy of 40.4% provides meaningful upside through lease-up without requiring a change in the achieved rent profile.
- Standardized product mix allows for a focused operating strategy centered on occupancy growth and local market penetration.
- Opportunity to increase revenue primarily through filling vacant space rather than relying on aggressive rate assumptions.
575 Mooney Street, Goderich
Asset Highlights
- 126 Units
- Distinctive asset combining traditional storage with 10 shop units and a sizeable parking component, creating a broader merchandising platform.
- Includes larger-format and service-oriented space that may appeal to contractors, trades and small business users in addition to traditional storage tenants.
- Significant lease-up runway from current occupancy levels, offering the clearest value-add component within the portfolio.
- 28 parking spaces provide a useful ancillary revenue stream and potential operational flexibility.
- Represents the portfolio’s most pronounced repositioning opportunity, with upside available through occupancy growth, product optimization and focused local marketing.
- 100% of units are heated.
460 MacEwan Street, Goderich
Asset Highlights
- 236 Units
- Largest property in the portfolio and the operational anchor, comprising 28,720 SF and 236 units.
- Strongest in-place occupancy profile in the portfolio at 68.1% area occupancy, supporting immediate cash flow.
- Generates approximately 70% of current in-place storage/shop revenue, underscoring its role as the core income-producing asset.
- Balanced mix of drive-up, climate-controlled and indoor product, providing broad customer appeal across personal and business users.
- Includes ancillary parking income, adding a supplemental revenue stream beyond traditional self-storage units.
- 102 heated units.
Lennard Commercial Realty, Brokerage (the “Advisor”) is pleased to present the opportunity to acquire the Make Space Goderich Portfolio (the “Portfolio”), comprising three established self-storage properties strategically located throughout Goderich, Ontario. Collectively, the Portfolio provides approximately 57,340 square feet of net rentable self-storage area, offering immediate scale and a meaningful operating presence within the local market.
The Portfolio is currently operating at approximately 48.7% NRA occupancy, creating a substantial opportunity to grow revenue and NOI through the lease-up of existing vacant space, improved pricing and coordinated portfolio-wide marketing. Importantly, the stabilization scenarios are driven primarily by occupancy growth rather than aggressive rental-rate assumptions, providing a clear and executable path to value creation.
Beyond the existing assets, the acquisition provides a strategic platform from which to further consolidate the fragmented Goderich self-storage market. Combined with forecast residential growth, continued household formation and a development pipeline increasingly weighted toward apartment product, the Portfolio offers an opportunity to establish a scaled position in the market while benefiting from both operational improvement and longer-term demand growth.
Portfolio Summary & Key Metrics
Net Rentable Area
57,340 SF
No. of Units
452
Average Unit Size
127 SF
Current Area Occupancy
48.7%
Occupied NRA
27,950 SF
