Investment Overview

Marcus & Millichap is pleased to exclusively present the Indiana & Ohio Two-Property Self-Storage Portfolio, with properties located in Fort Wayne, Indiana and Springfield, Ohio. This portfolio offers 100,088 combined rentable square feet across 797 total units. Both properties allow investors an opportunity for rental increases and streamlining of management. This portfolio is comprised of two well-built, maintained and operated facilities in areas with market demand. The Storage Place – Fort Wayne, Indiana This site offers 45,035 rentable square feet, 420 non-climate-controlled units plus 36 outdoor parking spaces. The Storage Place has below market rents, allowing investors to increase revenue and returns quickly by implementing rental rate increases on new and existing tenants. The site is situated on 4.0 acres with 15 drive-up buildings. Payless Self Storage – Springfield, Ohio This site offers 54,738 rentable square feet, 377 non-climate-controlled units plus 41 outdoor parking spaces. Payless Self Storage also has below market rents, giving investors additional opportunity to increase revenue through rental rate increases. Investors may also add value by expanding the site on available entitled land by approximately 10,800 rentable square feet in three additional non-climate-controlled buildings.