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28746210
28746209

1911 S University Blvd, Middletown, OH 45044

KP
IL IL 475.191818
Friedman Real Estate
JF
MI 6506046321, IL 475172346 (+1)
Friedman Real Estate IL LLC
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
$2,200,000
76 days on market
Updated 28 days ago

University Self-Storage

Details
APN Q6542-079-000-007; Q6542-079-000-008; Q6542-079-000-009; Q6542079-000-010; Q6542-040-000-026
Property Type Industrial, Self Storage
Sub Type Warehouse
Square Footage 33,900
Units 202
Cap Rate 7.20%
NOI $158,210
Occupancy 74%
Pro-Forma Cap Rate 9.80%
Pro-Forma NOI $215,876
Price per SqFt $65
Year Built 1996
Year Renovated 2023
Buildings 7
Stories 1
Acreage 3.100
Zoning I2
Investment Type Value Add

Industrial | 7.20% CAP | 33,900 SqFt

Marketing description

On behalf of the Seller, Friedman is delighted to bring this newly-expanded Self-Storage facility to market in Middletown, OH (Cincinnati/Dayton area).

1911 S. UNIVERSITY BLVD, MIDDLETOWN, OH 45044, a prime investment opportunity priced at $2,200,000. This premier Self-Storage facility offers a lucrative and secure investment option in a bustling area.

The property boasts multiple-sized storage units suitable for businesses. With high visibility and accessibility, it presents an ideal location for those seeking convenient storage solutions. The facility has been meticulously maintained and is ready for a new owner to take the reins.

Whether you are a seasoned investor looking to expand your portfolio or a newcomer to the real estate market, this property is value-add lovers dream, and should not be missed.

Investment highlights

  • Newly expanded facility with upside in leasing up the new units

  • Upside in rents

  • Upside in insurance

  • Upside in paving drive aisles

  • Under supplied market (8.2 NRSF in 5-mile area per Radius+)

  • Perfect HHI for Self-Storage

  • Growing market

Listing Contacts

KP
IL IL 475.191818
Friedman Real Estate
JF
MI 6506046321, IL 475172346 (+1)
Friedman Real Estate IL LLC
Listed by Friedman Real Estate, Friedman Real Estate IL LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$158,210.00
$13,184.17/mo

Valuation Metrics

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DSCR
7.19%
Cap Rate
7.19%
ROI

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