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Self-Storage Facility

Independence, MO Boat & RV Storage

920 N Atherton Rd, Independence, MO 64056

Listing Price: $4,700,000

Cap Rate
4.99%
Number of Units
409
Occupancy
91.0%
Rentable SF
13,400
Price/Rentable SF
$350.75
Year Built
2023

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 CC Units, NCC 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

Independence, MO Boat & RV Storage

Listing Price: $4,700,000

Cap Rate
4.99%
Number of Units
409
Occupancy
91.0%
Rentable SF
13,400
Price/Rentable SF
$350.75
Year Built
2023

Investment Highlights

  • Kansas City MSA, Two Property Self Storage Portfolio
  • Combined 132,904 Net Rentable Square Feet
  • Mix of CC Units, NCC 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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