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Self-Storage Facility

Sam's Storage

22157 Co Rd 286, Pittsburg, MO 65724

Listing Price: $975,000

Cap Rate
2.28%
Number of Units
96
Occupancy
15.0%
Rentable SF
29,376
Price/Rentable SF
$33.19
Year Built
1991

Investment Overview

Marcus & Millichap is honored to present for sale Sam’s Storage located at 22157 County Road 286 in Pittsburg, Missouri. The facility is comprised of 96 non-climate-controlled units totaling 29,376 rentable square feet in Pittsburg, Missouri. Sam’s Storage is located on approximately 11.55 acres, providing room for expansion. Drive-up access to all units created for boat and RV storage. Pittsburg, Missouri is a growing community in Hickory County, Missouri, approximately 140 miles southeast of Kansas City. Approximately 55 miles from booming Springfield, Missouri and within 50 miles of the much-visited Lake of the Ozark region. With a population of nearly 5,000 in a five-mile radius, Pittsburg has enjoyed a 17 percent population increase since 2010. Pittsburg, Missouri is home to Pomme de Terre State Park. Built in 1991, Sam’s Storage benefited from extensive capital improvement in 2021. The owner replaced all outdated locking mechanisms with latch locks and installed padlocks last year. Interior improvements to all units include: - New gravel - Repairs or replacement (when needed) of at least one interior wall - Repairs or replacement (when needed) of several doors Exterior improvements to all units include: - Pressure washing and fresh paint over the entire facility - Roof repairs or replacement (when needed of metal sheets) - Improvements to drainage for heavy rain fall - Added storage shed and mailbox with local USPS service - Landscaping and tree removal - Leveling of interior gravel roads, as well as creation of new interior roads to ensure access to all units Listed for $975,000, Sam’s Storage is Sam’s Storage is sitting comfortably on approximately 11.55 acres, with physical room for expansion. There are many value-add components an investor can bring to this asset including greater automation through management, development of vacant land for continued RV and boat storage, providing perimeter fencing and surveillance, and offering ancillary profit centers such as tenant insurance.

Investment Highlights

  • Value-Add Storage Facility in Pittsburg, Missouri
  • Currently 29,376 Square Feet of Rentable Storage | 96 Units
  • 11.55 Acres to be Developed for Expansion
  • Year Two Cap Rate 7.89 Percent
  • Year Two Cash-on-Cash Return 9.55 Percent

Exclusively Listed By

Self-Storage Facility

Sam's Storage

Listing Price: $975,000

Cap Rate
2.28%
Number of Units
96
Occupancy
15.0%
Rentable SF
29,376
Price/Rentable SF
$33.19
Year Built
1991

Investment Highlights

  • Value-Add Storage Facility in Pittsburg, Missouri
  • Currently 29,376 Square Feet of Rentable Storage | 96 Units
  • 11.55 Acres to be Developed for Expansion
  • Year Two Cap Rate 7.89 Percent
  • Year Two Cash-on-Cash Return 9.55 Percent

Investment Overview

Marcus & Millichap is honored to present for sale Sam’s Storage located at 22157 County Road 286 in Pittsburg, Missouri. The facility is comprised of 96 non-climate-controlled units totaling 29,376 rentable square feet in Pittsburg, Missouri. Sam’s Storage is located on approximately 11.55 acres, providing room for expansion. Drive-up access to all units created for boat and RV storage. Pittsburg, Missouri is a growing community in Hickory County, Missouri, approximately 140 miles southeast of Kansas City. Approximately 55 miles from booming Springfield, Missouri and within 50 miles of the much-visited Lake of the Ozark region. With a population of nearly 5,000 in a five-mile radius, Pittsburg has enjoyed a 17 percent population increase since 2010. Pittsburg, Missouri is home to Pomme de Terre State Park. Built in 1991, Sam’s Storage benefited from extensive capital improvement in 2021. The owner replaced all outdated locking mechanisms with latch locks and installed padlocks last year. Interior improvements to all units include: - New gravel - Repairs or replacement (when needed) of at least one interior wall - Repairs or replacement (when needed) of several doors Exterior improvements to all units include: - Pressure washing and fresh paint over the entire facility - Roof repairs or replacement (when needed of metal sheets) - Improvements to drainage for heavy rain fall - Added storage shed and mailbox with local USPS service - Landscaping and tree removal - Leveling of interior gravel roads, as well as creation of new interior roads to ensure access to all units Listed for $975,000, Sam’s Storage is Sam’s Storage is sitting comfortably on approximately 11.55 acres, with physical room for expansion. There are many value-add components an investor can bring to this asset including greater automation through management, development of vacant land for continued RV and boat storage, providing perimeter fencing and surveillance, and offering ancillary profit centers such as tenant insurance.

Exclusively Listed By

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