All Secured Storage, Blue Springs, MO
Self Storage | 552 Units
Marketing description
Grandstone Investment Sales is pleased to exclusively present a self-storage renovation opportunity located at 20440 East US Highway 40, Blue Springs, MO. This modern property, originally constructed in 2020, represents a premier value-add investment in a highly desirable submarket. Currently, the facility is severely under-occupied, operating at just 49.26% occupancy, which presents a significant opportunity for operational improvements and rapid lease-up. With physical and economic occupancy well below market equilibrium, there is a clear path to stabilization through better management, optimized pricing, and capturing unmet tenant demand. Projected revenue growth and a strategic stabilization plan highlight the tremendous upside potential for this asset.
The investment offers a compelling return profile driven by the lease-up of a high-quality, recently built asset. Additionally, the property's modern construction minimizes immediate capital expenditure requirements, allowing incoming ownership to focus entirely on revenue-generating initiatives and operational efficiency, further enhancing its value. The local Blue Springs market serves a growing population within the broader Kansas City metropolitan area, benefiting from strong demographic tailwinds and steady demand for self-storage. This offering presents a unique opportunity to capitalize on the underperformance of the current operation and realize strong returns through strategic management, comprehensive marketing upgrades, and a clear path to long-term stabilization.
Investment highlights
- Operating at 49.26% occupancy, offering a clear path to stabilization. NOI is projected to grow from $163,769 to $546,772 by Year 2 via strategic leasing and new ancillary income.
- Built in 2020, the Class B facility features 85,550 NRSF and 552 units. This provides a distinct age advantage over local competitors built between 1986 and 2007.
- Features direct frontage on US Highway 40, carrying 22,991 vehicles daily. It sits 1.5 miles from the I-70 interchange.
- Blue Springs reflects a stable, income-supported residential base within the primary 3-mile trade area. The population totals 42,094 residents in 2025, representing a 2.2% increase since 2020, with continued steady expansion projected to reach 43,252 by 2030. Median household income in this same radius stands at $89,274, underscoring solid local purchasing power.
- Located within 6 miles of Lake Jacomo and Blue Springs Lake. This proximity creates sustained demand for the property's 15 oversized 12x80 parking spaces, which are ideal for storing boats and RVs.
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