Self-Storage Facility
Noah's Ark Storage 8 Property Portfolio
914 Shoreline Dr, Somerset, KY 42503
Listing Price: $11,250,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the Noah's Ark Storage Eight Property Portfolio located around Somerset, Kentucky. This portfolio services Lake Cumberland, the largest lake in Kentucky, with over 4 million visitors a year. The portfolio has a combined 1,224 units with 379,631 net rentable square-feet. There is traditional storage as well as boat storage available across the portfolio. Extensive updates and new construction was done to the portfolio in 2022 and 2023 as well.
Noah's Ark Storage 8 Property Portfolio
Investment Highlights
- Kentucky Eight Property Self Storage Portfolio (Five Properties in Somerset & Three Properties Located in Surrounding Towns)
- Serving Lake Cumberland, the Largest Lake in Kentucky, with More than Four Million Visitors Annually and Over 1,255 Miles of Shoreline
- 379,631 Combined Net Rentable Square-Feet
- Rapidly Growing Occupancy Trends From Facilities Currently in the Lease-Up Period
- Lee's Ford & N Hwy 27 are Both Newly Built, Class A Boat Storage Facilities Currently in Lease-Up
Listing Price: $11,250,000
Investment Highlights
- Kentucky Eight Property Self Storage Portfolio (Five Properties in Somerset & Three Properties Located in Surrounding Towns)
- Serving Lake Cumberland, the Largest Lake in Kentucky, with More than Four Million Visitors Annually and Over 1,255 Miles of Shoreline
- 379,631 Combined Net Rentable Square-Feet
- Rapidly Growing Occupancy Trends From Facilities Currently in the Lease-Up Period
- Lee's Ford & N Hwy 27 are Both Newly Built, Class A Boat Storage Facilities Currently in Lease-Up
Investment Overview
Marcus & Millichap is pleased to offer for sale the Noah's Ark Storage Eight Property Portfolio located around Somerset, Kentucky. This portfolio services Lake Cumberland, the largest lake in Kentucky, with over 4 million visitors a year. The portfolio has a combined 1,224 units with 379,631 net rentable square-feet. There is traditional storage as well as boat storage available across the portfolio. Extensive updates and new construction was done to the portfolio in 2022 and 2023 as well.
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