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Self-Storage Facility

Cornerstone Storage DeSoto

3647 Athena School Rd, De Soto, MO 63020

Listing Price: $1,900,000

Cap Rate
6.12%
Number of Units
108
Occupancy
87.0%
Gross SF
16,250
Rentable SF
16,250
Price/Rentable SF
$116.92
Year Built
2021

Investment Overview

Marcus & Millichap is honored to present for sale Cornerstone Storage in DeSoto, Missouri. This facility is comprised of 83 non-climate-controlled units and 25 climate-controlled units for a total of 108 units within 16,250 rentable square feet in DeSoto, Missouri in Jefferson County, Missouri in the St. Louis MSA. Amenities include an onsite management office, 24-hour surveillance security cameras, perimeter security fence and controlled access entry. Building 200 includes spray foam insulation, insulated doors and an HVAC system that has not yet been activated. While these 28 units are currently rented with non-climate rates, converting these units to climate-controlled offers value add for a future investor. The current climate-controlled units are convenient drive-up style. As of September 2024, the facility was 87 percent physically occupied.

Cornerstone Storage is located at the intersection of Highway 110 and Highway 67 in DeSoto, Missouri. With fantastic visibility just off Highway 67, average daily traffic count at Cornerstone Storage is approximately 35,000.

Population in a 5-mile radius from Cornerstone Storage is 15,574 and 67,173 in a 10-mile radius. Located approximately 45 minutes southwest of downtown St. Louis, DeSoto, Missouri is part of Jefferson County with a total population of over 218,000, making it the 6th most populous county in the state of Missouri.
Cornerstone Storage sits in a growing market with average household income of $70,788 in a 5-mile radius and $78,510 in a 10-mile radius. The primary economic drivers in are serviced through employment in the areas of healthcare, retail, and government.

Cornerstone Storage offers the opportunity to acquire a highly occupied, stabilized income producing asset with room to expand, enabling an investor to add value by implementing administration fees and tenant insurance and scheduling consistent rental increases.

Investment Highlights

  • 5.06 Total Acres Right Off Highway 67 in the St. Louis MSA
  • Climate Controlled and Non-Climate Controlled Units Over 16,250 Total Net Rentable Square Ft.
  • Property Fenced and Gated with Remote Access Entry Gate

Exclusively Listed By

Financing By

Self-Storage Facility

Cornerstone Storage DeSoto

Listing Price: $1,900,000

Cap Rate
6.12%
Number of Units
108
Occupancy
87.0%
Gross SF
16,250
Rentable SF
16,250
Price/Rentable SF
$116.92
Year Built
2021

Investment Highlights

  • 5.06 Total Acres Right Off Highway 67 in the St. Louis MSA
  • Climate Controlled and Non-Climate Controlled Units Over 16,250 Total Net Rentable Square Ft.
  • Property Fenced and Gated with Remote Access Entry Gate

Investment Overview

Marcus & Millichap is honored to present for sale Cornerstone Storage in DeSoto, Missouri. This facility is comprised of 83 non-climate-controlled units and 25 climate-controlled units for a total of 108 units within 16,250 rentable square feet in DeSoto, Missouri in Jefferson County, Missouri in the St. Louis MSA. Amenities include an onsite management office, 24-hour surveillance security cameras, perimeter security fence and controlled access entry. Building 200 includes spray foam insulation, insulated doors and an HVAC system that has not yet been activated. While these 28 units are currently rented with non-climate rates, converting these units to climate-controlled offers value add for a future investor. The current climate-controlled units are convenient drive-up style. As of September 2024, the facility was 87 percent physically occupied. Cornerstone Storage is located at the intersection of Highway 110 and Highway 67 in DeSoto, Missouri. With fantastic visibility just off Highway 67, average daily traffic count at Cornerstone Storage is approximately 35,000. Population in a 5-mile radius from Cornerstone Storage is 15,574 and 67,173 in a 10-mile radius. Located approximately 45 minutes southwest of downtown St. Louis, DeSoto, Missouri is part of Jefferson County with a total population of over 218,000, making it the 6th most populous county in the state of Missouri. Cornerstone Storage sits in a growing market with average household income of $70,788 in a 5-mile radius and $78,510 in a 10-mile radius. The primary economic drivers in are serviced through employment in the areas of healthcare, retail, and government. Cornerstone Storage offers the opportunity to acquire a highly occupied, stabilized income producing asset with room to expand, enabling an investor to add value by implementing administration fees and tenant insurance and scheduling consistent rental increases.

Exclusively Listed By

Financing By

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