Russellville Road Self Storage
Self Storage | 94,300 NRSF | 677 Units
Marketing description
Russellville Road Self Storage is a highly occupied self-storage facility with tremendous upside offered at an attractive basis. This sprawling facility features 85 climate-control units totaling 10,460 NRSF, 592 non-climate units totaling 81,420 NRSF, 2 warehouse spaces totaling 2,420 NRSF, and 11 outdoor parking rentals. With physical occupancy above 90% and economic occupancy below 70%, the property provides a clear path to upside through the implementation of existing customer rent increases.
The facility sits on an 8.99-acre parcel that includes additional room for future expansion. There is opportunity to increase revenue through maximizing fee income and the implementation of tenant insurance sales. The warehouse space can be properly leased out or converted into additional climate-control units.
Located in Bowling Green, Kentucky, the property benefits from strong demographics within five miles featuring an average household income of $78,429 and a population of 66,737 residents growing at 2% annually. Bowling Green is ensconced among the rolling bluegrass hills of Southern Kentucky, approximately 60 miles northeast of Nashville, Tennessee. The Bowling Green MSA is the third largest in the State of Kentucky and is home to 197,180 residents.
Investment highlights
- Highly Occupied Self Storage Facility With Tremendous Upside Offered at an Attractive Basis.
- Sprawling Facility Featuring 85 Climate-Control Units Totaling 10,460 NRSF, 592 Non-Climate Units Totaling 81,420 NRSF, 2 Warehouse Spaces Totaling 2,420 NRSF, and 11 Outdoor Parking Rentals.
- Physical Occupancy Above 90% and Economic Occupancy Below 70% Provides a Clear Path to Upside Through the Implementation of Existing Customer Rent Increases.
- Facility Sits on an 8.99-Acre Parcel That Includes Additional Room for Future Expansion.
- Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Sales.
- Warehouse Space Can Be Properly Leased Out or Converted into Additional Climate-Control Units.
- Strong Demographics Within Five Miles of the Property Featuring an Average Household Income of $78,429 and a Population of 66,737 Residents Growing at 2% Annually.
- Bowling Green is Ensconced Among the Rolling Bluegrass Hills of Southern Kentucky, Approximately 60 Miles Northeast of Nashville, Tennessee.
- The Bowling Green MSA is the Third Largest in the State of Kentucky and is Home to 197,180 Residents.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
