Listed by Matthews
$2,010,000
Galion, OH Storage Portfolio
Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 28,540
Net Rentable (SqFt) 28,540
Units 205
NOI $123,554
Occupancy 95%
Year Built 1996
Buildings 8
Stories 1
Acreage 4.340
Stabilized 205-Unit Self-Storage Portfolio with Expansion & Upside in Galion, OH
Investment highlights
- Fully stabilized facilities at 95% physical occupancy between both locations
- Expansion opportunity included at the Route 309 location
- Low supply in the area with 7.16 SF/Capita in a 3-mile radius and 7.30 SF/Capita in a 5-mile radius.
- The Seller is in active negotiations for a cell tower lease which would add roughly $1,500 per month on a 50 year lease
- Zero self-storage developments showing in a 5-mile radius of the facility (according to TractIQ)
- Both facilities are fully gated with Keypad Access, providing capability to run them remotely
- Seller Financing Available
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,554.00
$10,296.17/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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