Listed by NAI Martens
$450,000
Grand Mini Storage
Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 10,400
Net Rentable (SqFt) 10,400
Cap Rate 8.53%
Occupancy 81%
Pro-Forma Cap Rate 13.30%
Price per SqFt $43
Year Built 1995
Buildings 8
Stories 1
Acreage 0.420
Investment Type Value Add
Self Storage | 8.53% CAP | 114 Units
Marketing description
Grand Mini Storage - Ponca City, Oklahoma
- Mom-and-pop operation with the current owner tracking all operations through handwritten ledgers. No website, Google Business Profile, or management software is currently in place.
- Prime location along Ponca City's main commercial corridor, just minutes from downtown.
- Two properties located directly across the street from one another, featuring paved driveways, perimeter fencing, and strong overall physical condition.
- Significant opportunity for revenue growth through rent optimization, as many existing tenants are below current market rates, as well as through tenant insurance (which is not offered currently) and other ancillary income streams.
- Ponca City offers strong demographics, with a population exceeding 27,000 residents within a five-mile radius.
Listing Contacts
Listed by NAI Martens
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Zoning
CBD CommercialCore CommercialCentral Business District
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