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Self-Storage Facility

Indiana & Ohio Two-Property Self-Storage Portfolio

111 Tremont City Rd, Springfield, OH 45502

Listing Price: $4,300,000

Cap Rate
3.82%
Occupancy
69.6%
Rentable SF
54,738
Price/Rentable SF
$78.56
Year Built
1996

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.

Investment Highlights

  • Two-Property Self-Storage Portfolio with Properties in Fort Wayne, Indiana and Springfield, Ohio
  • 100,088 Combined Rentable Square Feet
  • 797 Total Units

Exclusively Listed By

  • Jeffrey L. Herrmann

    First Vice President Investments

    (630) 570-2223

    Email Jeffrey

    License(s): IL: 475.176916

    Chicago Oak Brook

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Self-Storage Facility

Indiana & Ohio Two-Property Self-Storage Portfolio

Listing Price: $4,300,000

Cap Rate
3.82%
Occupancy
69.6%
Rentable SF
54,738
Price/Rentable SF
$78.56
Year Built
1996

Investment Highlights

  • Two-Property Self-Storage Portfolio with Properties in Fort Wayne, Indiana and Springfield, Ohio
  • 100,088 Combined Rentable Square Feet
  • 797 Total Units

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.

Exclusively Listed By

  • Jeffrey L. Herrmann

    First Vice President Investments

    (630) 570-2223

    Email Jeffrey

    License(s): IL: 475.176916

    Chicago Oak Brook

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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