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Self-Storage Facility

Extra Space Storage (Managed)

8591 Kingston St, Avon, IN 46123

Listing Price: $8,850,000

Cap Rate
4.42%
Number of Units
750
Occupancy
60.0%
Gross SF
83,000
Rentable SF
83,000
Price/Rentable SF
$106.63
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to offer for sale a self storage opportunity located in Avon, Indiana. This property is currently under construction and proposes 571 climate-controlled units and 179 non-climate units, totaling 83,000 net rentable square feet. The facility will be situated on 8.31 acres of land and is located about 11 miles west of downtown Indianapolis, Indiana. The facility will be fully fenced with an on-site management office, and 24-hour video surveillance.

The location of this facility will benefit from a dense and affluent growing surrounding population. It is located off a busy street with many restaurant chains, retail stores, banks, doctors offices, businesses, and neighborhoods nearby. This offers the facility great street frontage and high daily traffic counts.

Extra Space Storage (Managed) is being offered for $8,850,000 or $106.63 per rentable square foot.

Investment Highlights

  • Indianapolis MSA Self Storage Offering
  • Currently Under Construction
  • 83,000 Net Rentable Square Feet
  • 571 Climate-Controlled Units | 179 Non-Climate Controlled Units
  • Great Visibility Along Kingston Street

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Self-Storage Facility

Extra Space Storage (Managed)

Listing Price: $8,850,000

Cap Rate
4.42%
Number of Units
750
Occupancy
60.0%
Gross SF
83,000
Rentable SF
83,000
Price/Rentable SF
$106.63
Year Built
2021

Investment Highlights

  • Indianapolis MSA Self Storage Offering
  • Currently Under Construction
  • 83,000 Net Rentable Square Feet
  • 571 Climate-Controlled Units | 179 Non-Climate Controlled Units
  • Great Visibility Along Kingston Street

Investment Overview

Marcus & Millichap is pleased to offer for sale a self storage opportunity located in Avon, Indiana. This property is currently under construction and proposes 571 climate-controlled units and 179 non-climate units, totaling 83,000 net rentable square feet. The facility will be situated on 8.31 acres of land and is located about 11 miles west of downtown Indianapolis, Indiana. The facility will be fully fenced with an on-site management office, and 24-hour video surveillance.

The location of this facility will benefit from a dense and affluent growing surrounding population. It is located off a busy street with many restaurant chains, retail stores, banks, doctors offices, businesses, and neighborhoods nearby. This offers the facility great street frontage and high daily traffic counts.

Extra Space Storage (Managed) is being offered for $8,850,000 or $106.63 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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