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Self-Storage Facility

Maxi-Mini Storage

713 S Moretz Ave, Claremore, OK 74017

Listing Price: $2,395,000

Cap Rate
5.24%
Number of Units
287
Occupancy
100.0%
Gross SF
58,396
Rentable SF
58,396
Price/Rentable SF
$41.01
Year Built
1993

Investment Overview

STRONG OCCUPANCY // The facility is 100 percent physically occupied with a waiting list. The four closest competitor facilities are also 100 percent occupied. REVENUE UPSIDE POTENTIAL // $1,130/month or $13,560/year in lost revenue because of 15 owner/family occupied units currently not paying rent. FACILITY FEATURES // The storage buildings are metal construction with a mix of garage style and roll-up style doors. Driving surfaces are asphalt. A chain link fence and security cameras adds security. There is a small leasing office open just 38 hours/week. LOCATION // The facility is visible from the 25,000 cars per day four lane (divided) OK-66 which is the main road to Tulsa just 13 miles away. UPSIDE TO NEW OWNER // Increase revenue by charging on the 15 owner occupied units and raising rates considering the 100 percent occupancy

Investment Highlights

  • Price / SQFT: $40.67
  • Physical Occupancy (as of June 30, 2021): 100%
  • Pro Forma End of Year 1 Cap Rate: 7.16%

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Self-Storage Facility

Maxi-Mini Storage

Listing Price: $2,395,000

Cap Rate
5.24%
Number of Units
287
Occupancy
100.0%
Gross SF
58,396
Rentable SF
58,396
Price/Rentable SF
$41.01
Year Built
1993

Investment Highlights

  • Price / SQFT: $40.67
  • Physical Occupancy (as of June 30, 2021): 100%
  • Pro Forma End of Year 1 Cap Rate: 7.16%

Investment Overview

STRONG OCCUPANCY // The facility is 100 percent physically occupied with a waiting list. The four closest competitor facilities are also 100 percent occupied. REVENUE UPSIDE POTENTIAL // $1,130/month or $13,560/year in lost revenue because of 15 owner/family occupied units currently not paying rent. FACILITY FEATURES // The storage buildings are metal construction with a mix of garage style and roll-up style doors. Driving surfaces are asphalt. A chain link fence and security cameras adds security. There is a small leasing office open just 38 hours/week. LOCATION // The facility is visible from the 25,000 cars per day four lane (divided) OK-66 which is the main road to Tulsa just 13 miles away. UPSIDE TO NEW OWNER // Increase revenue by charging on the 15 owner occupied units and raising rates considering the 100 percent occupancy

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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