Ardmore Storage Company
Self Storage | 6.74% CAP | 128 Units | 95% Occupied
Marketing description
Stabilized and Cash Flowing Self-Storage Facility Comprised of 128 Non-Climate Units Totaling 22,900 Net Rentable Square Feet. The property is located at 345 Travertine Drive in Ardmore, OK, within the Ardmore MSA, which is the 11th Largest in the State of Oklahoma and is Home to 48,910 Residents. The charming town of Ardmore is nestled in the rolling plains of Southern Oklahoma and is the County Seat of Carter County.
Located at 345 Travertine Drive, Ardmore, OK, the property sits in a dynamic market serving as the primary retail, medical, and employment hub for a 10-county region in southern Oklahoma. The area features a strong consumer base with an $80,192 average household income within a 3-mile radius. Ardmore's strategic position drives consistent self-storage demand, anchored by 19,000 daytime employees and over 21,000 residents. This dense concentration of professionals and families creates a powerful renter pool requiring transitional and long-term storage.
The local market is experiencing massive industrial development, highlighted by the $124 million transformation of the Ardmore Industrial Airpark into the Global Transportation & Industrial Park of Oklahoma (GTIP) and the new H2OK liquid hydrogen facility. This economic growth provides a built-in customer base. The property capitalizes on recurring demand from major regional employers, including Mercy Hospital, the Valero Refinery, and distribution centers for Best Buy and Dollar General. Positioned adjacent to the I-35 and US Highway 70 interchange, the facility offers excellent accessibility to 11,500 vehicles daily.
Investment highlights
- Stabilized and Cash Flowing Self-Storage Facility Comprised of 128 Non-Climate Units Totaling 22,900 Net Rentable Square Feet
- Deal Includes 2.56 Acres of Buildable Expansion Land That Can Be Used For Additional Storage Buildings or the Implementation of Outdoor Parking Rentals
- Opportunity to Increase Revenue Through the Implementation of Existing Customer Rent Increases and Tenant Insurance Sales
- Buildings are Relatively New Construction and in Excellent Condition, Which Should Translate to Low Repairs & Maintenance Expenses
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Strong Average Household Income of $80,192 Within Three Miles of the Property Bodes Well For Future Rent Increases
- The Charming Town of Ardmore is Nestled in the Rolling Plains of Southern Oklahoma and is the County Seat of Carter County
- The Ardmore MSA is the 11th Largest in the State of Oklahoma and is Home to 48,910 Residents
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