Listed by JDS Real Estate Services, Inc., SkyView Advisors
Unpriced
US 23 Self Storage (2)
Details
APN 167-40-05-049.01, 167-40-05-049.03, 167-40-05-049.02, 167-40-05-049.04, 167-40-05-050.00, 167-40-05-052.L 1, 167-40-05-052.00, 167-40-05-048.00
Property Type Self Storage
Square Footage 68,920
Net Rentable (SqFt) 68,920
Units 543
NOI $258,569
Occupancy 63.9%
Tenancy Multi
Pro-Forma NOI $435,954
Class B
Year Built 2007
Buildings 7
Stories 1
Acreage 3.500
Zoning Unknown
Investment Type Value Add
Self Storage | 543 Units
Marketing description
US 23 Self Storage presents a compelling opportunity to acquire a newly expanded, Class A facility located at 1128 Stafford Avenue in Wurtland, KY. Strategically positioned along the high-traffic U.S. Route 23 corridor, the property offers approximately 68,920 net rentable square feet (NRSF) across 543 units.
The asset is currently in its lease-up phase, operating at approximately 64% physical area occupancy and 57% physical unit occupancy. This current positioning provides a clear path for significant value creation through continued lease-up and revenue optimization, with the potential to increase Net Operating Income (NOI) by over 149% upon reaching stabilization.
Investment highlights
- Opportunity to acquire a newly expanded facility with excellent visibility and frontage along a major thoroughfare
- Seller is open to providing financing, creating an attractive structure to help buyers enhance returns
- Additional upside through future Boat & RV expansion potential
- Limited competitive supply with no known new developments within a 5-mile radius
- Strong surrounding demographics, with median household income of approximately $60,000
Listing Contacts
Listed by JDS Real Estate Services, Inc., SkyView Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$258,569.00
$21,547.42/mo
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