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32262494
32262417

4255 KELLOGG AVE, CINCINNATI, OH 45226-1536

NM
BRKA.2005008725
eXp Realty
Listed by eXp Realty
$825,000
32 days on market
Updated 32 days ago

Turnkey Boat | RV Storage Facility | East End

Details
APN 00130005004400, 0130005004300, 0130005005200
Property Type Retail, Industrial (+1)
Sub Type Auto Shop, Warehouse
Square Footage 26,136
Net Rentable (SqFt) 26,136
Units 27
Cap Rate 8.00%
NOI $65,000
Occupancy 85%
Tenancy Multi
Lease Type Gross
Lease Term 1
Remaining Term 1
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $79,000
Class C
Year Built 2000
Year Renovated 2000
Buildings 6
Stories 1
Acreage 0.610
Zoning CG-A (Commercial General)
Investment Type Value Add
Ground Lease No
Ceiling Height 12
Loading Docks 1
Dock High Doors 1
Ownership Consumer
Sale Condition 1031 exchange

Storage Facility w/ Significant Upside

Marketing description

Turnkey boat & RV storage facility in Cincinnati's East End - minutes from the Ohio River, Lunken Airport, and Columbia Tusculum. (3) contiguous parcels totaling (27) currently leased units: (24) covered carport bays, (2) enclosed bays, and (1) climate-conditioned workshop currently producing $87,600 in annual gross income. Operates in a chronically under-supplied Midwest niche where dedicated RV/boat storage is scarce and demand is steady year-round. Significant upside through (a) below-market rents, (b) expansion capacity for (4) additional carport bays, and (c) re-utilization of existing corner retail building, or tear-down/replace with up to (3) new enclosed bays. Ideal for an owner-operator or investment buyer seeking cash flow with a clear value-add roadmap.

Investment highlights

Turnkey boat & RV storage facility

Under-supplied market

Significant upside

Ideal owner-operator or investment

Value-add

Listing Contacts

NM
BRKA.2005008725
eXp Realty
Listed by eXp Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,000.00
$5,416.67/mo

Valuation Metrics

0
DSCR
7.88%
Cap Rate
7.88%
ROI

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