Honey Badger Self Storage
Self Storage | 321 Units
Marketing description
Park Hills, located in St. Francois County in southeastern Missouri, is a small but steadily evolving community that serves as a local hub for surrounding towns such as Leadington, Desloge, and Farmington. Its proximity to U.S. Route 67 and State Route 32 provides convenient regional access, connecting residents and businesses to larger economic centers while maintaining a small-town setting.
The area's stable residential base, ongoing housing activity, and presence of local businesses contribute to consistent demand for self-storage. Park Hills features a mix of single-family homes, multifamily residences, and small commercial operations - all of which typically drive storage needs related to moving, downsizing, seasonal items, and business inventory.
Historically rooted in lead mining, Park Hills has transitioned into a community supported by healthcare, education, retail, and light industry. Nearby institutions such as Mineral Area College and regional employers in Farmington help sustain population movement and economic activity. These factors, along with the area's affordability and accessibility, support ongoing demand for self-storage within the local market.
Investment highlights
- 2021- asset offered at an attractive basis of $40 per NRSF, representing an opportunity to acquire the property below estimated replacement cost.
- Significant ancillary income upside remains available through the implementation or optimization of revenue streams such as tenant insurance, administrative fees, and late fees.
- Operational upside exists through the introduction of professional third-party management, which may improve efficiency, leasing execution, and overall revenue capture.
- The property presents a clear lease-up opportunity, with current physical occupancy at 73%, allowing an investor to drive performance through increased utilization. Upon achieving Year 3 stabilization, the investment is projected to generate an 8.68% cap rate, supporting an attractive yield profile.
- The offering presents the potential for stabilized IRR returns exceeding 23%, reflecting meaningful upside through operational improvement and occupancy growth.
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