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Self-Storage Facility

Aable 2 Stow It

855 Taft St, Gary, IN 46404

Listing Price: $5,925,000

Cap Rate
6.81%
Number of Units
492
Occupancy
92.5%
Gross SF
56,204
Rentable SF
56,204
Price/Rentable SF
$105.42
Year Built
1959

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale AAble 2 Stow It located in Gary, Indiana. The facility consists of 406 interior non-climate-controlled units, one climate-controlled unit, 80 containers, and five office spaces, totaling 56,204 net rentable square feet. The facility also includes 19 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 97 percent physically occupied. There is approximately 20,000 net rentable square feet available for further expansion inside the facility. The property is fully fenced with a gated, keypad entry and 24-hour video surveillance.

The location of this facility benefits from a large surrounding population of 106,479 within a five-mile radius. The facility is located 20 miles from the city of Chicago and is less than a mile from Interstate-90. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants, retail stores, and schools.

AAble 2 Stow It is being offered for $5.925 million or $105.42 per rentable square foot.

Investment Highlights

  • 56,204 Net Rentable Square Feet (82,000-Square-Foot Building)
  • 406 Interior Non-Climate-Controlled Units | One Climate-Controlled Unit
  • Five Office Spaces
  • 19 Parking Spaces
  • One House Attached to Property with Potential to Rent Out (Owner Currently Resides)

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Self-Storage Facility

Aable 2 Stow It

Listing Price: $5,925,000

Cap Rate
6.81%
Number of Units
492
Occupancy
92.5%
Gross SF
56,204
Rentable SF
56,204
Price/Rentable SF
$105.42
Year Built
1959

Investment Highlights

  • 56,204 Net Rentable Square Feet (82,000-Square-Foot Building)
  • 406 Interior Non-Climate-Controlled Units | One Climate-Controlled Unit
  • Five Office Spaces
  • 19 Parking Spaces
  • One House Attached to Property with Potential to Rent Out (Owner Currently Resides)

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale AAble 2 Stow It located in Gary, Indiana. The facility consists of 406 interior non-climate-controlled units, one climate-controlled unit, 80 containers, and five office spaces, totaling 56,204 net rentable square feet. The facility also includes 19 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 97 percent physically occupied. There is approximately 20,000 net rentable square feet available for further expansion inside the facility. The property is fully fenced with a gated, keypad entry and 24-hour video surveillance.

The location of this facility benefits from a large surrounding population of 106,479 within a five-mile radius. The facility is located 20 miles from the city of Chicago and is less than a mile from Interstate-90. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants, retail stores, and schools.

AAble 2 Stow It is being offered for $5.925 million or $105.42 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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