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33462494
33462472

345 Travertine Drive, Ardmore, OK 73401

DP
FL FL 333662, FL NC Lic. # 333662
Franklin Street Tampa
Franklin Street Tampa
JC
FL SL3616073
Franklin Street Tampa
JS
FL SL3614132
Franklin Street Tampa
Listed by Franklin Street Tampa
$1,250,000
2 days on market
Updated 2 days ago

Ardmore Storage Company

Details
APN 1990-27-04S-01E-2-005-00
Property Type Self Storage
Sub Type Self Storage
Square Footage 22,900
Net Rentable (SqFt) 22,900
Units 128
Cap Rate 6.74%
NOI $84,224
Occupancy 94.53%
Tenancy Multi
Pro-Forma Cap Rate 8.98%
Pro-Forma NOI $112,306
Price per SqFt $55
Year Built 2020
Buildings 5
Acreage 5.130
Investment Type Stabilized

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

Listing Contacts

DP
FL FL 333662, FL NC Lic. # 333662
Franklin Street Tampa
Franklin Street Tampa
JC
FL SL3616073
Franklin Street Tampa
JS
FL SL3614132
Franklin Street Tampa
Listed by Franklin Street Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,224.00
$7,018.67/mo

Valuation Metrics

0
DSCR
6.74%
Cap Rate
6.74%
ROI

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Additional Information

Name
Darron Kattan
License
274442
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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