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Self-Storage Facility

Store-N-Lock

3518 Kratzville Rd, Evansville, IN 47710

Listing Price: $750,000

Cap Rate
4.88%
Number of Units
64
Occupancy
85.4%
Rentable SF
5,750
Price/Rentable SF
$130.43
Year Built
2010

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present Store-N-Lock located at 3518 Kratzville Road in Evansville, Indiana. Built in 2010, the facility offers non-climate-controlled units and additional parking. Situated on 4.68 acres the site has fenced entry a metal constructed buildings. This offering also includes +/- 22,250 square feet of expansion potential.

Investment Highlights

  • Development Play in Indiana's Third Largest City
  • 3.5 SF/Capita of Non-Climate-Controlled Storage in 3-Mile Radius
  • +/- 22,250 Square Foot Expansion Opportunity
  • Strong Year 5 Internal Rate of Return of 11.98% and Leveraged Rate of Return of 20.32%
  • Adjacent House Included in Sale and is Currently Rented for $725 per Month (3 Year Lease). Estimated Market Value of $119,000 (Redfin).

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Self-Storage Facility

Store-N-Lock

Listing Price: $750,000

Cap Rate
4.88%
Number of Units
64
Occupancy
85.4%
Rentable SF
5,750
Price/Rentable SF
$130.43
Year Built
2010

Investment Highlights

  • Development Play in Indiana's Third Largest City
  • 3.5 SF/Capita of Non-Climate-Controlled Storage in 3-Mile Radius
  • +/- 22,250 Square Foot Expansion Opportunity
  • Strong Year 5 Internal Rate of Return of 11.98% and Leveraged Rate of Return of 20.32%
  • Adjacent House Included in Sale and is Currently Rented for $725 per Month (3 Year Lease). Estimated Market Value of $119,000 (Redfin).

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present Store-N-Lock located at 3518 Kratzville Road in Evansville, Indiana. Built in 2010, the facility offers non-climate-controlled units and additional parking. Situated on 4.68 acres the site has fenced entry a metal constructed buildings. This offering also includes +/- 22,250 square feet of expansion potential.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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