Self-Storage Facility

Local Self Storage

121 James Ct, Lexington, KY 40505

Listing Price: $4,800,000

Cap Rate
5.96%
Number of Units
366
Occupancy
73.7%
Gross SF
55,550
Rentable SF
55,550
Price/Rentable SF
$86.41
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to offer for sale Local Self Storage located in Lexington, Kentucky. This property features 366 non-climate-controlled units and one office, totaling 55,550 net rentable square feet. The facility was recently renovated in 2019 and is located on 3.83 acres of land.

This property benefits from below market rents and a growing surrounding population. It is also located about three miles east of downtown Lexington, Kentucky. There are many restaurant chains, retail stores, businesses, banks and neighborhoods nearby the facility. This offers the facility great street frontage and high daily traffic counts of around 39,000 cars per day.

Local Self Storage is being offered for $4,800,000 or $86.41 per rentable square foot.

Investment Highlights

  • Lexington, Kentucky Self Storage Offering
  • 55,550 Net Rentable Square Feet
  • 366 Non-Climate Controlled Units and One Office
  • Below Market Rents

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Self-Storage Facility

Local Self Storage

Listing Price: $4,800,000

Cap Rate
5.96%
Number of Units
366
Occupancy
73.7%
Gross SF
55,550
Rentable SF
55,550
Price/Rentable SF
$86.41
Year Built
1986

Investment Highlights

  • Lexington, Kentucky Self Storage Offering
  • 55,550 Net Rentable Square Feet
  • 366 Non-Climate Controlled Units and One Office
  • Below Market Rents

Investment Overview

Marcus & Millichap is pleased to offer for sale Local Self Storage located in Lexington, Kentucky. This property features 366 non-climate-controlled units and one office, totaling 55,550 net rentable square feet. The facility was recently renovated in 2019 and is located on 3.83 acres of land.

This property benefits from below market rents and a growing surrounding population. It is also located about three miles east of downtown Lexington, Kentucky. There are many restaurant chains, retail stores, businesses, banks and neighborhoods nearby the facility. This offers the facility great street frontage and high daily traffic counts of around 39,000 cars per day.

Local Self Storage is being offered for $4,800,000 or $86.41 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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