Self-Storage Facility

Meier's Storage Portfolio

6702-34, 6805, 6809 Columbia Ave, Hammond, IN 46324

Listing Price: Request For Offer

Number of Units
322
Occupancy
91.96%
Gross SF
66,701
Rentable SF
66,701
Year Built
1955

Investment Overview

Meier's Storage is the dominant provider of Drive-up Self-Storage in its market, with 40,275 square feet available now and is expandable by 2,500 square feet . This offering includes an additional 23,926 square feet of Commercial Space which is fully occupied. The Owner of Meier Storage also has a 50% interest in a brand new Drive-up site within walking distance. The new site currently is 10,700 square feet and can be expanded by 4,500 square feet. Although not included in this offering, a minimum of a 50% interest is available. Finally, the Owner of Meier Storage owns and runs a successful Landscaping and Snow Removal business from one of the Commercial Units included in this offering. The Landscaping and Snow Removable business is separately available for purchase. The new owner of Meier Storage may consider how to best use the space, including continuing to lease space to the Landscaping and Snow Removable business on a long term basis.

Investment Highlights

  • Stabilized Facility With 99% Physical Occupancy
  • Four Locations Along Busy Columbia Avenue
  • Opportunity To Expand Self-Storage Units

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Self-Storage Facility

Meier's Storage Portfolio

Listing Price: Request For Offer

Number of Units
322
Occupancy
91.96%
Gross SF
66,701
Rentable SF
66,701
Year Built
1955

Investment Highlights

  • Stabilized Facility With 99% Physical Occupancy
  • Four Locations Along Busy Columbia Avenue
  • Opportunity To Expand Self-Storage Units

Investment Overview

Meier's Storage is the dominant provider of Drive-up Self-Storage in its market, with 40,275 square feet available now and is expandable by 2,500 square feet . This offering includes an additional 23,926 square feet of Commercial Space which is fully occupied. The Owner of Meier Storage also has a 50% interest in a brand new Drive-up site within walking distance. The new site currently is 10,700 square feet and can be expanded by 4,500 square feet. Although not included in this offering, a minimum of a 50% interest is available. Finally, the Owner of Meier Storage owns and runs a successful Landscaping and Snow Removal business from one of the Commercial Units included in this offering. The Landscaping and Snow Removable business is separately available for purchase. The new owner of Meier Storage may consider how to best use the space, including continuing to lease space to the Landscaping and Snow Removable business on a long term basis.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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