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Self-Storage Facility

Life Storage (Managed)

17306 E US Hwy 24, Independence, MO 64056

Listing Price: $15,300,000

Cap Rate
6.12%
Number of Units
889
Occupancy
82.0%
Rentable SF
119,504
Price/Rentable SF
$128.03
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a two property portfolio in Independence, Missouri. The portfolio consists of a Life Storage (Managed) facility and a newly constructed Boat & RV Storage facility. The two sites have a combined 132,904 net rentable square feet. The Life Storage site has had a strong initial lease up with 30 net leases per month since opening in May and the Boat & RV site has an expected certificate of occupancy date of October 2023.

Investment Highlights

  • Kansas City MSA, Two Property Self-Storage Portfolio
  • Combined 132,904 Net Rentable Square Feet
  • Mix of Climate-Controlled Units, Non-Climate-Controlled Units, and Boat/RV Parking Spaces
  • Strong Initial Lease-Up (30 Net Leases/Month) Since Opening in May for Life Storage Location
  • Certificate of Occupancy Expected in October 2023 for Boat/RV Site

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Self-Storage Facility

Life Storage (Managed)

Listing Price: $15,300,000

Cap Rate
6.12%
Number of Units
889
Occupancy
82.0%
Rentable SF
119,504
Price/Rentable SF
$128.03
Year Built
1970

Investment Highlights

  • Kansas City MSA, Two Property Self-Storage Portfolio
  • Combined 132,904 Net Rentable Square Feet
  • Mix of Climate-Controlled Units, Non-Climate-Controlled Units, and Boat/RV Parking Spaces
  • Strong Initial Lease-Up (30 Net Leases/Month) Since Opening in May for Life Storage Location
  • Certificate of Occupancy Expected in October 2023 for Boat/RV Site

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a two property portfolio in Independence, Missouri. The portfolio consists of a Life Storage (Managed) facility and a newly constructed Boat & RV Storage facility. The two sites have a combined 132,904 net rentable square feet. The Life Storage site has had a strong initial lease up with 30 net leases per month since opening in May and the Boat & RV site has an expected certificate of occupancy date of October 2023.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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