

148 Unit Self Storage
High-cash-flow, gated 148-unit self-storage facility with below-market rents, strong in-place income
Marketing description
High-cash-flow, gated 148-unit self-storage facility with below-market rents, strong in-place income, and a clear path to a 15.57% pro forma cap rate.
This is a rare opportunity to acquire a stabilized-in-place yet highly scalable self-storage asset priced at just $789,000 with multiple, immediate levers for upside. The property is already producing a 9.74% in-place cap rate, while operating at only 60% occupancy, with below-market rents across the unit mix. By leasing up approximately 59 vacant units at conservative market rates of $65 per unit and implementing modest rent increases, an investor can drive NOI to $122,820 annually, achieving a 15.57% pro forma cap rate.
Recent improvements including new exterior paint, gated access, and a newly installed keypad system enhance security, curb appeal, and marketability—reducing capital expenditure risk for the next owner. This asset is ideally suited for an owner-operator or value-add investor seeking strong cash flow from day one, minimal operational complexity, and significant upside through improved management and revenue optimization in a proven self-storage market.
With strong cash flow from day one, scalable income, and a straightforward operational model, this asset is well-suited for 1031 exchange buyers looking to place capital efficiently, preserve exchange timelines, and acquire a durable self-storage investment with significant upside potential.
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