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Self-Storage Facility

Public Storage (Managed)

10330 Morat Ave, Louisville, KY 40223

Listing Price: $8,975,000

Cap Rate
4.67%
Number of Units
361
Occupancy
92.0%
Rentable SF
45,150
Price/Rentable SF
$198.78
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located in Louisville, Kentucky. The facility will consist of 361 climate-controlled units totaling 45,150 net rentable square-feet. This is a new construction facility that will be completed in June, 2022. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. Located just 10 miles from downtown Louisville, the facility benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 172,247, which represents a 21 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 25,300 cars per day off North Hurtsbourne Parkway. Public Storage (Managed) is being offered for $8,975,000 or $198.78 per rentable square-foot.

Investment Highlights

  • Louisville, Kentucky MSA Self-Storage Offering
  • Brand New Construction, All Climate-Controlled Facility
  • Certificate of Occupancy: June 2022
  • 45,150 Net Rentable Square-Feet
  • 361 Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Self-Storage Facility

Public Storage (Managed)

Listing Price: $8,975,000

Cap Rate
4.67%
Number of Units
361
Occupancy
92.0%
Rentable SF
45,150
Price/Rentable SF
$198.78
Year Built
2022

Investment Highlights

  • Louisville, Kentucky MSA Self-Storage Offering
  • Brand New Construction, All Climate-Controlled Facility
  • Certificate of Occupancy: June 2022
  • 45,150 Net Rentable Square-Feet
  • 361 Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located in Louisville, Kentucky. The facility will consist of 361 climate-controlled units totaling 45,150 net rentable square-feet. This is a new construction facility that will be completed in June, 2022. The property is fully secured with a keypad entry, an on-site management office, and 24-hour video surveillance. Located just 10 miles from downtown Louisville, the facility benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 172,247, which represents a 21 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 25,300 cars per day off North Hurtsbourne Parkway. Public Storage (Managed) is being offered for $8,975,000 or $198.78 per rentable square-foot.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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