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Self-Storage Facility

Extra Space Storage (Managed)

5350 N Chouteau Trafficway, Kansas City, MO 64117

Listing Price: $12,200,000

Cap Rate
6.40%
Number of Units
972
Occupancy
62.0%
Gross SF
117,390
Rentable SF
117,390
Price/Rentable SF
$103.93
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Extra Space Storage (Managed) located in Kansas City, Missouri. The facility offers a unique opportunity to purchase 540 climate controlled units and 21 parking spots at certificate of occupancy accompanied by the existing 92.90 percent physically occupied 411 climate controlled units secured by (up to) a proposed 60 year absolute triple-net lease. The existing and expansion facility totals 971 climate control and parking units within 117,390 net rentable square feet. There is also 35,000 gross square feet of potential expansion space on the lower level. The property includes an on-site management office and 24-hour video surveillance.

The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 138,905, which represents a 18.75 percent increase since 2000 and is expected to continue to grow over the next five years. It is located off Northeast Chouteau Trafficway and North Antioch Road which combined sees more than 36,000 vehicles per day. Surrounded by residential neighborhoods, restaurants, retail stores, and schools, the facility offers great street frontage on the north side of the highly active Antioch Shopping center.

Extra Space Storage (Managed) is being offered for $12.2 million or $103.93 per rentable square foot.

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 117,390 Combined Net Rentable Square Feet
  • 951 Combined Climate Controlled Units
  • 21 Covered Parking Spaces
  • 38,965 Net Rentable Square Feet of Existing Climate Control Storage

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Self-Storage Facility

Extra Space Storage (Managed)

Listing Price: $12,200,000

Cap Rate
6.40%
Number of Units
972
Occupancy
62.0%
Gross SF
117,390
Rentable SF
117,390
Price/Rentable SF
$103.93
Year Built
2017

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 117,390 Combined Net Rentable Square Feet
  • 951 Combined Climate Controlled Units
  • 21 Covered Parking Spaces
  • 38,965 Net Rentable Square Feet of Existing Climate Control Storage

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Extra Space Storage (Managed) located in Kansas City, Missouri. The facility offers a unique opportunity to purchase 540 climate controlled units and 21 parking spots at certificate of occupancy accompanied by the existing 92.90 percent physically occupied 411 climate controlled units secured by (up to) a proposed 60 year absolute triple-net lease. The existing and expansion facility totals 971 climate control and parking units within 117,390 net rentable square feet. There is also 35,000 gross square feet of potential expansion space on the lower level. The property includes an on-site management office and 24-hour video surveillance.

The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 138,905, which represents a 18.75 percent increase since 2000 and is expected to continue to grow over the next five years. It is located off Northeast Chouteau Trafficway and North Antioch Road which combined sees more than 36,000 vehicles per day. Surrounded by residential neighborhoods, restaurants, retail stores, and schools, the facility offers great street frontage on the north side of the highly active Antioch Shopping center.

Extra Space Storage (Managed) is being offered for $12.2 million or $103.93 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

Financing By

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