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Self-Storage Facility

Country Corner Self Storage

106 NW 251 Rd, Warrensburg, MO 64093

Listing Price: $2,300,000

Cap Rate
5.11%
Number of Units
252
Occupancy
85.0%
Rentable SF
24,400
Price/Rentable SF
$94.26
Year Built
2019

Investment Overview

Marcus & Millichap is honored to present for sale Country Corner Self Storage, located at 106 NW 251st Road, Warrensburg, Missouri. The facility is comprised of 206 non-climate-controlled units, 45 parking spaces and rentable warehouse space of 2,000 square feet, totaling 252 units across 24,400 rentable square feet in Warrensburg, Missouri. Amenities include an onsite management office, PTI cloud-based security cameras, perimeter security fencing, and controlled access entry. Above the office is a private, 1,200 square ft. apartment well suited for a manager’s on-site residence. The facility was built in 2019. As of August 2022, 85 percent of the facility is physically occupied. Warrensburg totals approximately 19,000 in population and is located in Johnson County, with a total population of over 54,000, as of 2020. Warrensburg is 60 miles southeast of downtown Kansas City, planting it in the Kansas City Metropolitan Area. Country Corner Self Storage sits in a growing market with current population at approximately 22,000 within five miles and an average household income of $64,301. Country Corner Self Storage is an excellent access point for boat and RV storage for Kansas City residents traveling to Lake of the Ozarks. Warrensburg is home to the University of Central Missouri, with a student population of 11,229. Country Corner is located just over four miles from the University of Central Missouri. Country Corner Self Storage’s gross effective income annualized on a six-month trailing is $207,660. Country Corner Self Storage offers perimeter fencing around approximately 9.6 total acres, leaving room for expansion. The facility includes 16 security cameras, covering every row of units, the main office, and monitors who enters/exists the gate entry. Gate system is Autogate brand, installed by Arrow Gate Security in 2019. Listed for $2.3 million, Country Corner Self Storage offers an investor the opportunity to acquire a newly constructed, highly-occupied, income producing asset. With 85 percent occupancy, an investor can appreciate increased income by implementing steady rent increases and incorporating administration fees and tenant insurance. Located on approximately 9.6 acres, Country Corner Self Storage provides physical room for expansion. By including these strategies, an investor can appreciate up to 7.50 percent cash on cash returns by year two.

Investment Highlights

  • Offering Includes Approximately 9.6 Total Acres
  • Facility Built in 2019
  • Gated and Fenced with Surveillance
  • Year Two Cap Rate 7.72 Percent
  • Room for Expansion
  • Located 60 Miles Southeast of Kansas City

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Self-Storage Facility

Country Corner Self Storage

Listing Price: $2,300,000

Cap Rate
5.11%
Number of Units
252
Occupancy
85.0%
Rentable SF
24,400
Price/Rentable SF
$94.26
Year Built
2019

Investment Highlights

  • Offering Includes Approximately 9.6 Total Acres
  • Facility Built in 2019
  • Gated and Fenced with Surveillance
  • Year Two Cap Rate 7.72 Percent
  • Room for Expansion
  • Located 60 Miles Southeast of Kansas City

Investment Overview

Marcus & Millichap is honored to present for sale Country Corner Self Storage, located at 106 NW 251st Road, Warrensburg, Missouri. The facility is comprised of 206 non-climate-controlled units, 45 parking spaces and rentable warehouse space of 2,000 square feet, totaling 252 units across 24,400 rentable square feet in Warrensburg, Missouri. Amenities include an onsite management office, PTI cloud-based security cameras, perimeter security fencing, and controlled access entry. Above the office is a private, 1,200 square ft. apartment well suited for a manager’s on-site residence. The facility was built in 2019. As of August 2022, 85 percent of the facility is physically occupied. Warrensburg totals approximately 19,000 in population and is located in Johnson County, with a total population of over 54,000, as of 2020. Warrensburg is 60 miles southeast of downtown Kansas City, planting it in the Kansas City Metropolitan Area. Country Corner Self Storage sits in a growing market with current population at approximately 22,000 within five miles and an average household income of $64,301. Country Corner Self Storage is an excellent access point for boat and RV storage for Kansas City residents traveling to Lake of the Ozarks. Warrensburg is home to the University of Central Missouri, with a student population of 11,229. Country Corner is located just over four miles from the University of Central Missouri. Country Corner Self Storage’s gross effective income annualized on a six-month trailing is $207,660. Country Corner Self Storage offers perimeter fencing around approximately 9.6 total acres, leaving room for expansion. The facility includes 16 security cameras, covering every row of units, the main office, and monitors who enters/exists the gate entry. Gate system is Autogate brand, installed by Arrow Gate Security in 2019. Listed for $2.3 million, Country Corner Self Storage offers an investor the opportunity to acquire a newly constructed, highly-occupied, income producing asset. With 85 percent occupancy, an investor can appreciate increased income by implementing steady rent increases and incorporating administration fees and tenant insurance. Located on approximately 9.6 acres, Country Corner Self Storage provides physical room for expansion. By including these strategies, an investor can appreciate up to 7.50 percent cash on cash returns by year two.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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