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Climate Controlled Storage Facility
Opened 2/1/2024 - 79% Occupancy with waiting list
Listing Contacts
License: IN RB21000455
Active
Asking Price: $1,950,000
Earnest Money Deposit: 1% min.
Address
3661 US-27, Winchester, IN 47394
Show on MapDate Added
Aug 16, 2024
Days on Market
271 days
Time Since Last Update
34 days
Details
Property TypeSelf Storage
SubtypeMini Storage, climate controlled
Investment TypeValue Add
ClassA
Lease TypeGross
TenancyMulti
Square Footage29,000
Net Rentable (sq ft)29,000
Price/Sq Ft$67.24
Cap Rate7.87%
Occupancy79%
Occupancy Date01/09/2025
NOI$153,401
Units153
Year Built2023
Buildings3
Stories1
ZoningCommercial
Lot Size (acres)7
Broker Co-OpYes
Price/Unit$12,745.10
OwnershipFee Simple
Ceiling Height8-14ft
INTELLIGENCEMarketing Description
Hahn Kiefer Real Estate Services is pleased to offer for sale a newly developed storage facility located in Winchester, Indiana. This offering
consists of 64 climate-controlled units and 89 non-climate-controlled units, totaling 29,000 net rental square feet. The site is located on US
Highway 27 which is the main north/south artery between Fort Wayne and Cincinnati.
The second phase plans for another 40,000 SF for a total of 69,000 SF. The sitework for the second phase are already complete. All approvals and entitlements are in place.
Investment Highlights
-
New Turnkey Development in Winchester, IN
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Opened in February of 2024
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29,000 Net Rentable SF - 153 units
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120 out of 153 units rented in just 10 months
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14,500 Outside Parking SF - 50 spaces
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3 buildings in total; 2 building 100% occupied with waiting list
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Value Add - An additional four buildings can be added for a total of 79,000 Net Rentable SF
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,401.00
$12,783.42/mo
Valuation Metrics
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0
DSCR
7.87%
Cap Rate
7.87%
ROI
Property History
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Due Diligence
Listing Contacts
- License: IN RB21000455
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Additional Information
Additional Information
Broker Name
Ryan Black
Broker License
IN RB21000455
Brokerage Name
Hahn Kiefer Real Estate Services LLC
Brokerage Address
1352 East Division Street, Evansville, United States 47711
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