Battlefield Storage
Class A storage, 377 units, room to grow income with kiosk and on-site rental.
Marketing description
Battlefield Storage is a stabilized, Class A self-storage facility in one of Missouri's strongest secondary markets. Located at 2045 W Sunset Street in southwest Springfield, the facility comprises 377 non-climate-controlled units across 56,350 net rentable square feet on 3.40 acres — built in 1994 with steel framing, metal roofing, and a wrought-iron perimeter security fence.
The property is offered at $4,650,000 ($82.52/SF), a 6.27% going-in cap rate on verified 2025 actual NOI of $291,773 — priced to engage today's market while preserving a fully documented, zero-CapEx pathway to $337,011 stabilized NOI (a 7.25% yield at the asking price) through two incremental, buyer-executed enhancements.
The facility's actual 2025 expense structure runs materially leaner than standard industry loads: insurance at $15,474 vs. a $28,450 benchmark; payroll at $39,648 vs. $50,000; marketing at $3,854 vs. $12,000. This $45,865 structural advantage is verifiable through the 2025 monthly statements in the data room — the buyer inherits a facility already operating below market assumptions, with no changes required on day one. Listing agent Andrew Grassi (Missouri Salesperson #2024044839, The Firm Commercial) holds an ownership interest in the property.
Investment highlights
- $291,773 documented 2025 NOI — 6.27% going-in, no proforma required to support the price.
- $45,865 annual advantage to benchmark, verifiable in monthly statements.
- 1,350 SF permitted suite, refurbished — $14,760 NOI, $0 CapEx, in-place not future.
- $39,648 payroll → $9,170 kiosk stack = +$30,478 NOI. Proven, vendor-ready.
- 97 units 14.9% below market — $8,400–$10,200 NOI at zero capital.
- 14.35 SF/capita at 3 mi; MSU + healthcare anchor multi-cycle demand.
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