BOXIT Storage Center
New Storage Center Located in Large College Town, Currently in Lease-Up Phase
Marketing description
Pro Forma NOI of $513,094 and Cap Rate of 10.4%. This new, non-climate-controlled 37,376 rentable sq ft storage center was built in 2025 by an experienced storage facility developer and is currently in the lease-up phase.
528 portable storage units with adjustable sizes from 4x8 to 8x20, providing full control over unit mix to accommodate changing market needs. Additional revenue from storage item vending machine and option of a 100 KW solar farm (8 KW currently onsite supplying electricity to facility).
Kiosk building houses self-serve rental electronic touchscreen, HD Security cameras, OpenTech keypad access, and automatic gate. Argus 3rd party management and StoragePug website solutions in place.
See Offering Memorandum for additional information.
Investment highlights
Price: $4,945,000
Pro Forma NOI: $513,094
Net Rentable SF: 37,376
Pro Forma Cap Rate: 10.4%
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