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32935439
32935438

280 East 1260 Road, Baldwin City, KS 66006

RC
IL IL 475.171700
Matthews
AB
IL 475211720
Matthews
Listed by Matthews
$1,700,000
8 days on market
Updated 8 days ago

3G Self Storage

Details
Property Type Self Storage
Square Footage 23,800
Units 137
Occupancy 72%
Tenancy Multi
Pro-Forma Cap Rate 9.23%
Pro-Forma NOI $156,942
Year Built 2022
Acreage 5.000

Modern Self-Storage Facility with Massive Approved Expansion Opportunity

Investment highlights

• 2022 vintage asset offering a modern facility profile with a meaningful value-add expansion component.

• Continued expansion is projected to generate approximately $320,000 in additional gross revenue, supporting a compelling scale-up opportunity within the existing site plan.

• Estimated construction costs of approximately $35/SF suggest an efficient basis for executing the approved expansion and enhancing overall revenue capacity.

• Offered as a Disposition, the asset may appeal to investors seeking a newer vintage self-storage property with both near-term lease-up potential and embedded upside through approved expansion.

• The site is approved for an additional 40,000 SF of storage, or approximately ±370 additional units, providing a defined path for future growth.

• Physical occupancy currently at 72%, presenting a clear opportunity to increase lease-up and in-place cash flow through continued stabilization.

Listing Contacts

RC
IL IL 475.171700
Matthews
AB
IL 475211720
Matthews
Listed by Matthews

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Additional Information

Name
Kyle Matthews
License
# 239429, #CO00002672 (KS)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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