Listed by Marcus & Millichap - Columbus
$2,000,000
Akron, OH Two Property Portfolio
Details
Property Type Self Storage
Square Footage 23,689
Units 221
Cap Rate 5.87%
NOI $117,430
Occupancy 72%
Pro-Forma Cap Rate 9.94%
Pro-Forma NOI $198,816
Price per SqFt $84
Year Built 1992
Buildings 5
Acreage 1.490
Self-Storage Portfolio | $84/Sqft | Akron, OH
Marketing description
Marcus & Millichap is pleased to offer for sale this Akron, Ohio Two Property Portfolio. These two properties combine to feature 217 non-climate-controlled units and four outdoor parking spaces totaling 23,689 net rentable square feet. The sites are less than 10 miles apart and are currently managed by one manager at the Canton Road location.
Investment highlights
- Akron, Ohio Two Property Self-Storage Portfolio
- Facilities Located Less Than Ten Miles From Each Other and Managed By One Manager at the Ellet Location
- Combined 23,689 Net Rentable Square Feet
- 217 Non-Climate Units | 4 Outdoor Parking Spaces
- Below Market Rents at Kenmore Location
- Undersaturated Markets: 6.78 Net Rentable Square Feet Per Capita Within a Five-Mile Radius of the Ellet Facility & 4.59 Net Rentable Square Feet Per Capita Within a Five-Mile Radius at the Kenmore Facility
- Dense Surrounding Populations: Average of 148,297 People Living Within a Five-Mile Radius of Each Facility
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,430.00
$9,785.83/mo
Valuation Metrics
0
DSCR
5.87%
Cap Rate
5.87%
ROI
Map
Zoning
U-3 CommercialRetail CommercialRetail Business
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View all 23 uses
View all 23 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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