Self-Storage Facility
The Storage Place
2930 W Ferguson Rd, Fort Wayne, IN 46809
Listing Price: $4,400,000
Investment Overview
The Storage Place, located in Fort Wayne, Indiana, comprises 45,950 rentable square feet across 423 non-climate-controlled units and 36 outdoor parking spaces. With current rental rates 60 percent below market, the facility presents a compelling value-add opportunity. Investors can enhance revenue and returns by implementing rental rate adjustments for both new and existing tenants. Underwriting provides opportunity for modernization and upgrades by the next owner.
The property spans four acres and features 15 drive-up buildings, offering convenient access and operational efficiency.
Listing Price: $4,400,000
Investment Highlights
- 45,950 Rentable Square Feet | 423 Non-Climate-Controlled Units Plus 36 Outdoor Parking Spaces
- Current Rental Rates 60 Percent Below Market
- Compelling Value-Add Opportunity
Investment Overview
The Storage Place, located in Fort Wayne, Indiana, comprises 45,950 rentable square feet across 423 non-climate-controlled units and 36 outdoor parking spaces. With current rental rates 60 percent below market, the facility presents a compelling value-add opportunity. Investors can enhance revenue and returns by implementing rental rate adjustments for both new and existing tenants. Underwriting provides opportunity for modernization and upgrades by the next owner. The property spans four acres and features 15 drive-up buildings, offering convenient access and operational efficiency.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
