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Self-Storage Facility

Route 59 Self Storage

2862 OH-59, Ravenna, OH 44266

Listing Price: $5,300,000

Cap Rate
3.23%
Number of Units
376
Occupancy
53.0%
Rentable SF
48,104
Price/Rentable SF
$110.18
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Route 59 Self Storage located about 13 miles northeast of Akron in Ravenna, OH. This facility currently features 90 indoor non-climate-controlled units, 263 outdoor non-climate-controlled units, and 23 outdoor parking spaces that make up 48,104 net rentable square feet. Route 59 Self Storage is situated on 10.77 acres of land and benefits from an undersaturated self storage market and a large and growing surrounding population base.

Investment Highlights

  • Cleveland MSA Self Storage Offering.
  • Located in Ravenna, Ohio | About 3.5 Miles From Kent State University (Over 25,000 On Campus Students).
  • Site Just Opened 20,000 Square Foot Expansion | Leasing Up Quickly.
  • Room For Additional Expansion.
  • 48,104 Net Rentable Square Feet.

Exclusively Listed By

Financing By

Self-Storage Facility

Route 59 Self Storage

Listing Price: $5,300,000

Cap Rate
3.23%
Number of Units
376
Occupancy
53.0%
Rentable SF
48,104
Price/Rentable SF
$110.18
Year Built
2009

Investment Highlights

  • Cleveland MSA Self Storage Offering.
  • Located in Ravenna, Ohio | About 3.5 Miles From Kent State University (Over 25,000 On Campus Students).
  • Site Just Opened 20,000 Square Foot Expansion | Leasing Up Quickly.
  • Room For Additional Expansion.
  • 48,104 Net Rentable Square Feet.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Route 59 Self Storage located about 13 miles northeast of Akron in Ravenna, OH. This facility currently features 90 indoor non-climate-controlled units, 263 outdoor non-climate-controlled units, and 23 outdoor parking spaces that make up 48,104 net rentable square feet. Route 59 Self Storage is situated on 10.77 acres of land and benefits from an undersaturated self storage market and a large and growing surrounding population base.

Exclusively Listed By

Financing By

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