Listed by Matthews
$5,250,000
Two Property Self Storage Portfolio Junction City, KS
Details
Property Type Self Storage
Square Footage 52,357
Units 516
Cap Rate 7.02%
NOI $368,747
Occupancy 89%
Price per SqFt $100
Investment Type Stabilized
Sale Condition N/A
Two Self Storage Facilities with 516 Units and Expansion Upside Near Fort Riley
Investment highlights
- Strategic Location: The two property portfolio is strategically located on Grant Ave in-between the two entrances into Fort Riley which has a population of ±67,000.
- Expansion Opportunity: Expansion opportunity on the ±3/4 acre of land at the All American Self Storage 552 Grant location.
- Strong In-Place Cash Flow: Strong In-Place Cash Flow with $368,747 of combined NOI and a 7.02% in-place cap rate.
- Solid Occupancy Profile: Solid Occupancy Profile with 89% combined physical occupancy and 91% economic occupancy.
- Operational Efficiency: Opportunity to lower operational expenses with both facilities being on the same street within walking distance.
- Fully Secured Facilities: Both facilities are fully secured, fenced with automatic gates and have kiosks on site.
- High Occupancy at Nook-N-Cranny: Nook-N-Cranny location has 201 non-climate units with a physical occupancy of 97% for a total of ±20,862 NRSF.
- Recent Locker Addition: All American Storage has 223 non-climate drive-up units with a physical occupancy of 97% and 92 locker style units recently put online with a physical occupancy of 50%. The overall physical occupancy of the property is 84% and ±31,495 NRSF.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$368,747.00
$30,728.92/mo
Valuation Metrics
0
DSCR
7.02%
Cap Rate
7.02%
ROI
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