Investment Overview

We are honored to present for sale Gateway Storage of Rolla in Rolla, Missouri. Located at 11295 Old Highway 66 in Rolla with solid visibility from US Highway 44, Gateway Storage of Rolla totals 132 non-climate units and 110 climate-controlled units for 242 total units over 33,978 net rentable square feet on approximately 3.13 acres. Amenities include StorEdge professional management software, manager’s office, Liftmaster access gate with PDK controllers, full property outline fencing, paved drive aisles and Unifi cloud-based security camera system. Recent property updates include new gate and controllers (2022), updated security cameras (2022), energy efficient motion sensors (2022-present), upgraded climate-controlled thermostats to a wireless smart system (2024), additional lighting on north side of property (2024). As of May 2024, Gateway Storage of Rolla was 89% physically occupied. Nestled at the cusp of the Ozarks in the very center of Missouri, the city of Rolla is conveniently positioned off US I-44 and is located approximately 100 miles southwest of St. Louis, 100 miles northeast of Springfield, Missouri, and an hour south of the Missouri state capital, Jefferson City. As the county seat of Phelps County, Rolla's population is approximately 20,000. Rolla is home to Missouri University of Science and Technology. With total enrollment at nearly 8,900, Missouri University of Science and Technology is a highly-esteemed apex of education and research, attracting bright minds from around the world. Additional centers of learning in Rolla include Rolla Technical Institute and Metro Business College. Major industries in the immediate area include the US Geological Survey, which operates a large regional facility with various centers, and the headquarters of the Mark Twain National Forest, a 1.5-million-acre forest covering 29 counties. Healthcare is also a vital industry in Rolla's economy. Employing a staff of over 1,800, Phelps Health is a multidisciplinary health system which includes a hospital main campus and many primary and specialty care clinics located throughout the region. Listed for $2,800,000, the Gateway Storage of Rolla is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing, well-managed asset presenting stabilized future income. By implementing steady rent increases, an investor will experience 6.10 percent, or better, proforma cash-on-cash return.