Self-Storage Facility

Lock N Store

614 N Ridgeview Dr, Warrensburg, MO 64093

Listing Price: Request For Offer

Number of Units
261
Occupancy
71.0%
Gross SF
44,350
Rentable SF
44,350
Year Built
2019

Investment Overview

The Williams Storage Team of Marcus and Millichap is honored to present for sale Lock N Store Self Storage located at 614 North Ridgeview Drive in Warrensburg, Missouri. This newly constructed storage facility consists of 241 non-climate controlled units, 14 climate controlled units and 6 parking spaces totaling 261 rental units covering 44,350 square feet.

Built in 2019, Lock N Store offers a secure property protected by perimeter fencing, controlled access gating and security surveillance cameras. Amenities include total property concrete drives, a generously sized manager's office and professional management software. Positioned on the east side of Warrensburg, just one block south of US Highway 50, Lock N Store is surrounded by both commercial and residential properties. Average household income is $63,535 in a 3 mile radius and $65,369 in a 5 mile radius. As of September 2020, the facility was 45 percent physically and economically occupied.

Warrensburg, Missouri is conveniently positioned off US Highway 50 and is located approximately 60 miles southeast of Kansas City. As the county seat of Johnson County, Warrensburg's population is approximately 20,000. Warrensburg is home of the University of Central Missouri (UCM), which offers programs in 150 areas of study and serves approximately 12,500 students. Major industries in Warrensburg include manufacturing, including international battery and energy leader EnerSys, which employs nearly 500 people with a 7 acre manufacturing site positioned directly across the street from Lock N Store. Located 9 miles east of Warrensburg, Whiteman Airforce Base is another major local employer. Home of the 509th Bomb Wing, Whiteman is comprised of approximately 5,600 military members and 2,000 civilian employees. It manages and employs all of the USAF's B-2 Spirit stealth bomber and serves as a training ground for all B-2 pilots in the active duty Air Force and Air National Guard.

Lock N Store offers the opportunity to acquire a newly constructed cash flowing asset in a strong economic market with ability to add value by continuing to lease up vacant units and stabilizing operations. This investment includes an approved site plan for an additional 47,350 square feet.

Investment Highlights

  • 44,350 Net Rentable Square Feet
  • New Construction - Opened August 2019
  • 45% Physically and Economically Occupied - September 2020
  • Approved Site Plan Includes Additional 47,350 Square Feet

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
261
Occupancy
71.0%
Gross SF
44,350
Rentable SF
44,350
Year Built
2019

Investment Highlights

  • 44,350 Net Rentable Square Feet
  • New Construction - Opened August 2019
  • 45% Physically and Economically Occupied - September 2020
  • Approved Site Plan Includes Additional 47,350 Square Feet

Investment Overview

The Williams Storage Team of Marcus and Millichap is honored to present for sale Lock N Store Self Storage located at 614 North Ridgeview Drive in Warrensburg, Missouri. This newly constructed storage facility consists of 241 non-climate controlled units, 14 climate controlled units and 6 parking spaces totaling 261 rental units covering 44,350 square feet.

Built in 2019, Lock N Store offers a secure property protected by perimeter fencing, controlled access gating and security surveillance cameras. Amenities include total property concrete drives, a generously sized manager's office and professional management software. Positioned on the east side of Warrensburg, just one block south of US Highway 50, Lock N Store is surrounded by both commercial and residential properties. Average household income is $63,535 in a 3 mile radius and $65,369 in a 5 mile radius. As of September 2020, the facility was 45 percent physically and economically occupied.

Warrensburg, Missouri is conveniently positioned off US Highway 50 and is located approximately 60 miles southeast of Kansas City. As the county seat of Johnson County, Warrensburg's population is approximately 20,000. Warrensburg is home of the University of Central Missouri (UCM), which offers programs in 150 areas of study and serves approximately 12,500 students. Major industries in Warrensburg include manufacturing, including international battery and energy leader EnerSys, which employs nearly 500 people with a 7 acre manufacturing site positioned directly across the street from Lock N Store. Located 9 miles east of Warrensburg, Whiteman Airforce Base is another major local employer. Home of the 509th Bomb Wing, Whiteman is comprised of approximately 5,600 military members and 2,000 civilian employees. It manages and employs all of the USAF's B-2 Spirit stealth bomber and serves as a training ground for all B-2 pilots in the active duty Air Force and Air National Guard.

Lock N Store offers the opportunity to acquire a newly constructed cash flowing asset in a strong economic market with ability to add value by continuing to lease up vacant units and stabilizing operations. This investment includes an approved site plan for an additional 47,350 square feet.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower