1823 E 53RD ST Anderson IN 46013-2829

53rd Street Secure Storage currently boasts strong physical and economic occupancies of 94.8% and 95.3%, respectively, which indicates the strong demand for self storage in the trade area, as well as the quality of the asset and its strong location. During 2020, rental rates at this location were increased, representing an increase in actual occupied rents of $8,770 between January and December 2020. This well-absorbed rental increase demonstrates the ability for a new operator to further raise rental rates and continue to be a market leader in Anderson.

The facility is incredibly well located, and sits in the heart of Anderson Indiana, which benefits from the outward growth of Indianapolis. 53rd Street Secure Storage is located within a dense retail corridor, with numerous national retail chains immediately surrounding the site. Further, the facility benefits from excellent traffic counts on 53rd Street, in excess of 14,000 VPD, and is immediately adjacent to Scatterfield Road, which sustains daily traffic counts of over 24,000.

This asset, impeccable location, multiple upsides and solid demographic fundamentals will allow a new investor to continue the strong performance, and further add value through the addition of a comprehensive tenant insurance program.

• 89,853 NRSF | 600 Units, representing best of market amenities within the trade area
• Excellent physical and economic occupancies of 94.8% and 95.3%, respectively
• Situated within the Indianapolis, Indiana MSA
• Well absorbed rental rate increase in October 2020, which increased monthly actual rents by approximately $8,770 since January 2020
• Significant opportunity to boost revenues by adding and improving upon secondary income streams such as tenant insurance, increased retail sales, and truck rentals