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Self-Storage Facility

Box Self Storage Portfolio (KS & LA)

1838 Old 40 Hwy, Junction City, KS 66441

Listing Price: $8,950,000

Cap Rate
5.70%
Number of Units
729
Occupancy
74.2%
Rentable SF
127,770
Price/Rentable SF
$70.05
Year Built
2001

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present the Box Self Storage Portfolio, a two-property self-storage portfolio with assets in Junction City, Kansas and Thibodaux, Louisiana. The properties must be purchased together and the CMBS loan must be assumed. CMBS loan data can be found in the Offering Memorandum.

Junction City, Kansas
The Box Self Storage Junction City, KS property offers 84,530 rentable square feet with 544 total units. This site's unit mix is comprised of both climate and non-climate-controlled units, plus outdoor parking and RV/Boat spots and several office spaces. The property lies on 5.32 total acres and is fully fenced with automatic gated entry. Expansion plans were recently completed for 21 additional gravel parking spaces.

Junction City, Kansas is the county seat of Geary County, with an estimated population of 25,982 people. Located about 120 miles west of Kansas City and only 20 miles southwest of Kansas State University with an enrollment of +/- 25,000 students. Junction City is home to the Fort Riley military base, where approximately 15,000 active-duty service members are assigned to with more than 18,000 military family members, 29,000 veterans and 5,600 civilian employees in the area.

Thibodaux, Louisiana
The Box Self Storage Thibodaux, LA property is fully climate-controlled, offering 43,240 rentable square in 185 units plus additional flex/office space units. The property is situated on 2.94 total acres and located less than a half mile from LA-3185 seeing+/- 10,100 vehicles per day. The facility offers 24/7 access for tenants. Expansion plans will provide additional climate-controlled units (4,200 RSF).

Thibodaux, Louisiana is a principal city of the Houma-Bayou Cane-Thibodaux metropolitan statistical area and the parish seat of Lafourche Parish. Located in the heart of Acadiana in southern Louisiana, Thibodaux is approximately 65 southwest of New Orleans and less than 70 miles from Baton Rouge. The 2022 estimated population of Thibodaux was 39,311 with a 2027 projection of 41,216. The reported average household income was $76,666. Top employers in the area include Lafourche Parish School Board, Thibodaux Regional Medical Center, John Deere, Inc. and the US Department of Air Force.

Investment Highlights

  • Two-Property Self-Storage Portfolio with Assets in Junction City, KS & Thibodaux, LA
  • Assumable CMBS Loan with 3.947% Interest Rate
  • 127,770 Combined RSF | 729 Combined Units
  • Climate & Non-Climate-Controlled Units, Boat/RV Parking, Outdoor Parking & Flex Space Units

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Self-Storage Facility

Box Self Storage Portfolio (KS & LA)

Listing Price: $8,950,000

Cap Rate
5.70%
Number of Units
729
Occupancy
74.2%
Rentable SF
127,770
Price/Rentable SF
$70.05
Year Built
2001

Investment Highlights

  • Two-Property Self-Storage Portfolio with Assets in Junction City, KS & Thibodaux, LA
  • Assumable CMBS Loan with 3.947% Interest Rate
  • 127,770 Combined RSF | 729 Combined Units
  • Climate & Non-Climate-Controlled Units, Boat/RV Parking, Outdoor Parking & Flex Space Units

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present the Box Self Storage Portfolio, a two-property self-storage portfolio with assets in Junction City, Kansas and Thibodaux, Louisiana. The properties must be purchased together and the CMBS loan must be assumed. CMBS loan data can be found in the Offering Memorandum. Junction City, Kansas The Box Self Storage Junction City, KS property offers 84,530 rentable square feet with 544 total units. This site's unit mix is comprised of both climate and non-climate-controlled units, plus outdoor parking and RV/Boat spots and several office spaces. The property lies on 5.32 total acres and is fully fenced with automatic gated entry. Expansion plans were recently completed for 21 additional gravel parking spaces. Junction City, Kansas is the county seat of Geary County, with an estimated population of 25,982 people. Located about 120 miles west of Kansas City and only 20 miles southwest of Kansas State University with an enrollment of +/- 25,000 students. Junction City is home to the Fort Riley military base, where approximately 15,000 active-duty service members are assigned to with more than 18,000 military family members, 29,000 veterans and 5,600 civilian employees in the area. Thibodaux, Louisiana The Box Self Storage Thibodaux, LA property is fully climate-controlled, offering 43,240 rentable square in 185 units plus additional flex/office space units. The property is situated on 2.94 total acres and located less than a half mile from LA-3185 seeing+/- 10,100 vehicles per day. The facility offers 24/7 access for tenants. Expansion plans will provide additional climate-controlled units (4,200 RSF). Thibodaux, Louisiana is a principal city of the Houma-Bayou Cane-Thibodaux metropolitan statistical area and the parish seat of Lafourche Parish. Located in the heart of Acadiana in southern Louisiana, Thibodaux is approximately 65 southwest of New Orleans and less than 70 miles from Baton Rouge. The 2022 estimated population of Thibodaux was 39,311 with a 2027 projection of 41,216. The reported average household income was $76,666. Top employers in the area include Lafourche Parish School Board, Thibodaux Regional Medical Center, John Deere, Inc. and the US Department of Air Force.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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