Self-Storage Facility

Cherokee Self Storage Two Property Portfolio

529 E 2nd St, Franklin, OH 45005

Listing Price: $1,750,000

Cap Rate
7.64%
Number of Units
272
Occupancy
61.79%
Gross SF
51,165
Rentable SF
51,165
Price/Rentable SF
$34.20

Investment Overview

Marcus & Millichap is pleased to offer for sale the Cherokee Self Storage Two Property Portfolio. These properties combine to feature 272 non-climate-controlled units, four office spaces and two rental houses, totaling 51,165 net rentable square feet. Both facilities also offer parking spaces for rent. The East 2nd Street location is currently in the process of adding 30 additional outdoor parking spaces.

The properties are about one and a half miles apart from each other and are located about 14 miles south-west of Dayton, Ohio. The facilities are both located on busy streets with restaurants, retail stores, businesses and neighborhoods nearby. These properties benefit from an undersupplied market and growing surrounding population.

Cherokee Self Storage Two Property Portfolio is being offered for $1,750,000 or $34.20 per rentable square foot.

Investment Highlights

  • 272 NCC Units, Four Offices, Two Rental Houses
  • 78 Parking Spaces and 30 Additional Spaces in Progress
  • Plans Approved for 4,500 Square Feet and 1,500 Square Feet of Office Space or Retail
  • Dayton, Ohio MSA Two Property Self Storage Portfolio
  • Combined 51,165 Net Rentable Square Feet

Exclusively Listed By

Self-Storage Facility

Cherokee Self Storage Two Property Portfolio

Listing Price: $1,750,000

Cap Rate
7.64%
Number of Units
272
Occupancy
61.79%
Gross SF
51,165
Rentable SF
51,165
Price/Rentable SF
$34.20

Investment Highlights

  • 272 NCC Units, Four Offices, Two Rental Houses
  • 78 Parking Spaces and 30 Additional Spaces in Progress
  • Plans Approved for 4,500 Square Feet and 1,500 Square Feet of Office Space or Retail
  • Dayton, Ohio MSA Two Property Self Storage Portfolio
  • Combined 51,165 Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to offer for sale the Cherokee Self Storage Two Property Portfolio. These properties combine to feature 272 non-climate-controlled units, four office spaces and two rental houses, totaling 51,165 net rentable square feet. Both facilities also offer parking spaces for rent. The East 2nd Street location is currently in the process of adding 30 additional outdoor parking spaces.

The properties are about one and a half miles apart from each other and are located about 14 miles south-west of Dayton, Ohio. The facilities are both located on busy streets with restaurants, retail stores, businesses and neighborhoods nearby. These properties benefit from an undersupplied market and growing surrounding population.

Cherokee Self Storage Two Property Portfolio is being offered for $1,750,000 or $34.20 per rentable square foot.

Exclusively Listed By

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