Skip to main content

Self-Storage Facility

Marshall Central Storage

579 Drake Rd, Marshall, MO 65340

Listing Price: $4,900,000

Cap Rate
5.56%
Number of Units
429
Occupancy
97.0%
Rentable SF
82,320
Price/Rentable SF
$59.52
Year Built
2016

Investment Overview

The Williams Storage Group of Marcus & Millichap is honored to present for sale Marshall Central Storage Portfolio with three locations in the heart of Marshall, Missouri. The Marshall Central Storage is a 3 property Portfolio that includes a combined 429 non-climate controlled drive-up units totaling 82,320 net rentable square feet of storage over approximately 5.9 acres. The Marshall Central Storage 900 square foot professional business office (built in 2019) is located at 579 Drake Road. With some newer units, the most recent completed in 2021. This is the largest of the facilities with 40,600 net rentable square feet encompassing 226 non-climate controlled units over 2.37 acres. The Drake Road location offers security lighting and gravel drives throughout. As of July 2022, the Drake Road location was 95 percent physically occupied. Marshall Central Storage located at 1263 South Odell Street totals 95 non-climate controlled units covering 17,360 net rentable square feet. This location sits on approximately 1.18 acres. As of July 2022, this facility was 100 percent physically occupied. Marshall Central Storage at 2813 South Odell totals 108 non-climate controlled units covering 24,360 net rentable square feet over 2.35 acres. The South Odell Road location offers security lighting. As of July 2022, the South Odell Road location was 98 percent physically occupied. Located 10 miles north of Interstate 70, the main artery connecting Kansas City and St. Louis, Marshall totals over 12,000 in population and is the county seat of Saline County. Marshall, Missouri is approximately 85 miles northeast of Kansas City and 58 miles northwest of Columbia, Missouri, the home of the University of Missouri. Average household income in a three-mile radius is $56,359. Marshall Central Storage sits .5 miles from Missouri Valley College and less than 1 mile from Marshall-Odell Municipal Airport. Educational institutions in Marshall include Missouri Valley College with total enrollment just under 1,800 students. In addition, Marshall is home to agriculture giant, Conagra which produces brand such as Birds Eye, Marie Callenders, Healthy Choice and SlimJim. The primary economic drivers in Marshall are serviced through employment in the areas of medical, retail and agriculture. Listed for $4,900,000, the Marshall Central Storage offers an investor the ability to acquire a highly-occupied, income producing asset. This facility includes value-add opportunities throughout existing and street rent increases and incorporating administration fees and insurance. With over 97% total portfolio occupancy, Marshall Central Storage offers cash-on-cash returns of 6.66 percent in year two.

Investment Highlights

  • 82,320 Net Rentable Square-Feet I 429 Non-Climate-Controlled Units
  • Offering Includes Approximately 5.9 Total Acres
  • Located 85 Miles Northeast of Kansas City
  • Year 2 Cap Rate 7.01 Percent
  • Year 2 Cash-on-Cash Return 6.66 Percent

Exclusively Listed By

Financing By

Self-Storage Facility

Marshall Central Storage

Listing Price: $4,900,000

Cap Rate
5.56%
Number of Units
429
Occupancy
97.0%
Rentable SF
82,320
Price/Rentable SF
$59.52
Year Built
2016

Investment Highlights

  • 82,320 Net Rentable Square-Feet I 429 Non-Climate-Controlled Units
  • Offering Includes Approximately 5.9 Total Acres
  • Located 85 Miles Northeast of Kansas City
  • Year 2 Cap Rate 7.01 Percent
  • Year 2 Cash-on-Cash Return 6.66 Percent

Investment Overview

The Williams Storage Group of Marcus & Millichap is honored to present for sale Marshall Central Storage Portfolio with three locations in the heart of Marshall, Missouri. The Marshall Central Storage is a 3 property Portfolio that includes a combined 429 non-climate controlled drive-up units totaling 82,320 net rentable square feet of storage over approximately 5.9 acres. The Marshall Central Storage 900 square foot professional business office (built in 2019) is located at 579 Drake Road. With some newer units, the most recent completed in 2021. This is the largest of the facilities with 40,600 net rentable square feet encompassing 226 non-climate controlled units over 2.37 acres. The Drake Road location offers security lighting and gravel drives throughout. As of July 2022, the Drake Road location was 95 percent physically occupied. Marshall Central Storage located at 1263 South Odell Street totals 95 non-climate controlled units covering 17,360 net rentable square feet. This location sits on approximately 1.18 acres. As of July 2022, this facility was 100 percent physically occupied. Marshall Central Storage at 2813 South Odell totals 108 non-climate controlled units covering 24,360 net rentable square feet over 2.35 acres. The South Odell Road location offers security lighting. As of July 2022, the South Odell Road location was 98 percent physically occupied. Located 10 miles north of Interstate 70, the main artery connecting Kansas City and St. Louis, Marshall totals over 12,000 in population and is the county seat of Saline County. Marshall, Missouri is approximately 85 miles northeast of Kansas City and 58 miles northwest of Columbia, Missouri, the home of the University of Missouri. Average household income in a three-mile radius is $56,359. Marshall Central Storage sits .5 miles from Missouri Valley College and less than 1 mile from Marshall-Odell Municipal Airport. Educational institutions in Marshall include Missouri Valley College with total enrollment just under 1,800 students. In addition, Marshall is home to agriculture giant, Conagra which produces brand such as Birds Eye, Marie Callenders, Healthy Choice and SlimJim. The primary economic drivers in Marshall are serviced through employment in the areas of medical, retail and agriculture. Listed for $4,900,000, the Marshall Central Storage offers an investor the ability to acquire a highly-occupied, income producing asset. This facility includes value-add opportunities throughout existing and street rent increases and incorporating administration fees and insurance. With over 97% total portfolio occupancy, Marshall Central Storage offers cash-on-cash returns of 6.66 percent in year two.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower