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Self-Storage Facility

Rolla Self Storage Portfolio

1344 S Bishop Ave, Rolla, MO 65401

Listing Price: $1,700,000

Cap Rate
6.25%
Number of Units
221
Occupancy
91.0%
Rentable SF
26,571
Price/Rentable SF
$63.98
Year Built
2010

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale the Rolla Self Storage Portfolio in Rolla, Missouri. This two-property portfolio consists of 26,571 combined square feet totaling 212 non-climate controlled units, one 400 square foot office space and 8 parking spaces for a total of 221 units. Rolla Self Storage “North”, located at 1344 S Bishop Ave (legal address 1400 Hartville Road) totals 18,600 net rentable square feet of non-climate storage covering 127 units over approximately 1.89 acres. Amenities include gravel drives and professional management software. October 2022 installation of Rolla North includes 13 Ubiquiti Networks camera with remote monitor access available on any device. Rolla North also includes 0.33 acres of land for potential expansion for additional outdoor parking revenue. Rolla Self Storage “South” Located at 12773 South US Highway 63, only 0.6 miles south of Rolla Storage North, offers 85 non-climate controlled units (67 indoor, 18 drive-up), 1 office space and 8 parking spaces for a total of 94 units over 7,971 square feet over approximately 1.17 acres. October 2022 installation at Rolla South includes 2 Ubiquiti Networks cameras with remote integration. In 2022, the current owners invested approximately $40,000 at both sites in facility upgrades and improvements. Rolla Self Storage North and South appreciate a traffic count of around 5,040 vehicles per day. As of September 2022, the Rolla Self Storage Portfolio was 91% physically occupied. Nestled at the cusp of the Ozarks in the very center of Missouri, the city of Rolla is conveniently positioned off US I-44 and is located approximately 100 miles southwest of St. Louis, 100 miles northeast of Springfield, Missouri and an hour south of the Missouri state capital, Jefferson City. As the county seat of Phelps County, Rolla's population is approximately 20,000. Rolla is home to Missouri University of Science and Technology. With total enrollment at nearly 8,900, Missouri University of Science and Technology is a highly-esteemed apex of education and research, attracting bright minds from around the world. Additional centers of learning in Rolla include Rolla Technical Institute and Metro Business College. Major industries in the immediate area include the US Geological Survey, which operates a large regional facility with various centers, and the headquarters of the Mark Twain National Forest, a 1.5 million acre forest covering 29 counties. Healthcare is also a vital industry in Rolla's economy. Employing a staff of over 1,800, Phelps Health is a multidisciplinary health system which includes a hospital main campus and many primary and specialty care clinics located throughout the region. Listed for $1,700,000, the Rolla Storage Portfolio is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and adding additional revenue streams, an investor will experience 8.66% percent, or better, cash-on-cash return by end of year one.

Investment Highlights

  • Two Property Portfolio Located 0.6 Miles Apart
  • 221 Total Units & 26,571 Total Rentable Square Feet
  • Portfolio 91 Percent Physically Occupied
  • Street Rates Average 25 Percent Below Market Rates
  • Room for Physical Expansion
  • Year 1 Cap Rate 8.01 Percent
  • Year 1 Cash on Cash 8.66 Percent

Exclusively Listed By

Financing By

Self-Storage Facility

Rolla Self Storage Portfolio

Listing Price: $1,700,000

Cap Rate
6.25%
Number of Units
221
Occupancy
91.0%
Rentable SF
26,571
Price/Rentable SF
$63.98
Year Built
2010

Investment Highlights

  • Two Property Portfolio Located 0.6 Miles Apart
  • 221 Total Units & 26,571 Total Rentable Square Feet
  • Portfolio 91 Percent Physically Occupied
  • Street Rates Average 25 Percent Below Market Rates
  • Room for Physical Expansion
  • Year 1 Cap Rate 8.01 Percent
  • Year 1 Cash on Cash 8.66 Percent

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale the Rolla Self Storage Portfolio in Rolla, Missouri. This two-property portfolio consists of 26,571 combined square feet totaling 212 non-climate controlled units, one 400 square foot office space and 8 parking spaces for a total of 221 units. Rolla Self Storage “North”, located at 1344 S Bishop Ave (legal address 1400 Hartville Road) totals 18,600 net rentable square feet of non-climate storage covering 127 units over approximately 1.89 acres. Amenities include gravel drives and professional management software. October 2022 installation of Rolla North includes 13 Ubiquiti Networks camera with remote monitor access available on any device. Rolla North also includes 0.33 acres of land for potential expansion for additional outdoor parking revenue. Rolla Self Storage “South” Located at 12773 South US Highway 63, only 0.6 miles south of Rolla Storage North, offers 85 non-climate controlled units (67 indoor, 18 drive-up), 1 office space and 8 parking spaces for a total of 94 units over 7,971 square feet over approximately 1.17 acres. October 2022 installation at Rolla South includes 2 Ubiquiti Networks cameras with remote integration. In 2022, the current owners invested approximately $40,000 at both sites in facility upgrades and improvements. Rolla Self Storage North and South appreciate a traffic count of around 5,040 vehicles per day. As of September 2022, the Rolla Self Storage Portfolio was 91% physically occupied. Nestled at the cusp of the Ozarks in the very center of Missouri, the city of Rolla is conveniently positioned off US I-44 and is located approximately 100 miles southwest of St. Louis, 100 miles northeast of Springfield, Missouri and an hour south of the Missouri state capital, Jefferson City. As the county seat of Phelps County, Rolla's population is approximately 20,000. Rolla is home to Missouri University of Science and Technology. With total enrollment at nearly 8,900, Missouri University of Science and Technology is a highly-esteemed apex of education and research, attracting bright minds from around the world. Additional centers of learning in Rolla include Rolla Technical Institute and Metro Business College. Major industries in the immediate area include the US Geological Survey, which operates a large regional facility with various centers, and the headquarters of the Mark Twain National Forest, a 1.5 million acre forest covering 29 counties. Healthcare is also a vital industry in Rolla's economy. Employing a staff of over 1,800, Phelps Health is a multidisciplinary health system which includes a hospital main campus and many primary and specialty care clinics located throughout the region. Listed for $1,700,000, the Rolla Storage Portfolio is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and adding additional revenue streams, an investor will experience 8.66% percent, or better, cash-on-cash return by end of year one.

Exclusively Listed By

Financing By

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