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Self-Storage Facility

Cabin Life Storage

21 Pinyon Rd, Broken Bow, OK 74728

Listing Price: $2,650,000

Cap Rate
5.60%
Number of Units
199
Occupancy
60.0%
Rentable SF
37,700
Price/Rentable SF
$70.29
Year Built
2021

Investment Overview

Cabin Life Storage represents a unique and timely opportunity to invest in a newly constructed self-storage facility positioned next to one of southeastern Oklahoma’s most transformative developments – Choctaw Landing. This $238-million casino and resort, which opened in May 2024, will be a major driver of economic activity in the Broken Bow area. As tourism, employment, and supporting businesses expand, demand for storage is set to grow significantly. The region is quickly evolving from a seasonal getaway to a year-round destination, fueled by ongoing development and an expanding tourism infrastructure.
The surrounding hills are already dotted with thousands of short-term rental cabins, drawing visitors year-round for hiking, boating, fishing, and other outdoor activities. Despite the increasing demand, the area remains underserved by high-quality, modern self-storage facilities.
Cabin Life Storage stands out as a “best-in-class” asset, offering the security, convenience, and amenities expected by today’s tenants. With limited competition and increasing barriers to entry due to zoning and land constraints near Choctaw Landing, the facility is well-poised to lease up quickly and command premium rental rates throughout the hold period.
Completed in November 2023, the facility spans approximately 5.12 acres across three adjacent parcels. It includes 198 non-climate-controlled drive-up units, totaling 31,300 rentable-square feet. Additionally, there is a 6,400-square-foot warehouse on-site, half of which is leased to a local short-term rental property management company for two years at $2,800 per month beginning in June 2025. The remaining half of the warehouse – originally intended for the owners’ personal use – offers a strong opportunity for additional rental income and is expected to lease quickly at a similar rate. Future development potential – which could include additional self-storage units, commercial buildings, or even short-term rentals – is also possible on the approximately 2.3 acres of adjacent raw land included in the offering.

Investment Highlights

  • Excellent Visibility and Access from US Highway 259
  • Directly Across from the Newly Constructed Choctaw Landing Resort and Casino
  • "Best-in-class" Facility with Minimal Self-Storage Competition within the 5-mile Trade Area
  • Opportunity for Future Expansion: Additional Self-Storage, Commercial Use, Or Short-Term Rentals
  • Secure, Modern Infrastructure Including Perimeter Fencing, Paved Driveways, & Gated Keypad Entry

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Self-Storage Facility

Cabin Life Storage

Listing Price: $2,650,000

Cap Rate
5.60%
Number of Units
199
Occupancy
60.0%
Rentable SF
37,700
Price/Rentable SF
$70.29
Year Built
2021

Investment Highlights

  • Excellent Visibility and Access from US Highway 259
  • Directly Across from the Newly Constructed Choctaw Landing Resort and Casino
  • "Best-in-class" Facility with Minimal Self-Storage Competition within the 5-mile Trade Area
  • Opportunity for Future Expansion: Additional Self-Storage, Commercial Use, Or Short-Term Rentals
  • Secure, Modern Infrastructure Including Perimeter Fencing, Paved Driveways, & Gated Keypad Entry

Investment Overview

Cabin Life Storage represents a unique and timely opportunity to invest in a newly constructed self-storage facility positioned next to one of southeastern Oklahoma’s most transformative developments – Choctaw Landing. This $238-million casino and resort, which opened in May 2024, will be a major driver of economic activity in the Broken Bow area. As tourism, employment, and supporting businesses expand, demand for storage is set to grow significantly. The region is quickly evolving from a seasonal getaway to a year-round destination, fueled by ongoing development and an expanding tourism infrastructure. The surrounding hills are already dotted with thousands of short-term rental cabins, drawing visitors year-round for hiking, boating, fishing, and other outdoor activities. Despite the increasing demand, the area remains underserved by high-quality, modern self-storage facilities. Cabin Life Storage stands out as a “best-in-class” asset, offering the security, convenience, and amenities expected by today’s tenants. With limited competition and increasing barriers to entry due to zoning and land constraints near Choctaw Landing, the facility is well-poised to lease up quickly and command premium rental rates throughout the hold period. Completed in November 2023, the facility spans approximately 5.12 acres across three adjacent parcels. It includes 198 non-climate-controlled drive-up units, totaling 31,300 rentable-square feet. Additionally, there is a 6,400-square-foot warehouse on-site, half of which is leased to a local short-term rental property management company for two years at $2,800 per month beginning in June 2025. The remaining half of the warehouse – originally intended for the owners’ personal use – offers a strong opportunity for additional rental income and is expected to lease quickly at a similar rate. Future development potential – which could include additional self-storage units, commercial buildings, or even short-term rentals – is also possible on the approximately 2.3 acres of adjacent raw land included in the offering.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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