Investment Overview

The Williams Storage Group of Marcus and Millichap is pleased to exclusively represent for sale Air Tight Storage in Columbia, Missouri. This property consists of 104 non-climate-controlled units, 81 climate-controlled units, 16 covered parking units and 20 uncovered parking spaces for a total of 221 units over 26,200 net rentable square feet. Located on 3.59 acres with room for physical expansion, Air Tight Storage also includes a residential rental house netting $1000 monthly. Amenities at Air Tight Storage include perimeter gate and fencing, professional management software (Easy Storage Solutions), 14 security cameras and manager’s office. Both non-climate and climate-controlled units are completely insulated and all concrete slabs on the property are sealed. As of July 2023, Air Tight Storage was 97 percent physically occupied with 83 percent economic occupancy. Columbia, Missouri is home to the University of Missouri, Stephens College, and Columbia College. Located in Central Missouri, along the Interstate 70 corridor with with Kansas City approximately 120 to the west and St. Louis approximately 120 miles to the east, Columbia is the county seat of Boone County and is the 4th largest metro area in the state of Missouri. Population in a 10-mile radius of Air Tight has grown 44 Percent since 2000 and is expected to grow 7.8 Percent in the next 5 years. As of July 2023, Air Tight Storage was 97 percent physically occupied with 83 percent economic occupancy. Listed for $3,500,000, Air Tight Storage is a well-maintained offering that will provide an investor the ability to acquire an income producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and implementing increases in tenant insurance, an investor will experience 6.97 percent, or better, cash-on-cash return by end of year two.