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Self-Storage Facility

Ample Storage

2960 Elm Point Industrial Dr, Saint Charles, MO 63301

Listing Price: $7,700,000

Cap Rate
6.15%
Number of Units
475
Occupancy
98.0%
Gross SF
71,850
Rentable SF
71,850
Price/Rentable SF
$107.17
Year Built
2006

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale the Ample Storage Portfolio in St. Charles, Missouri. This offering consists of two properties located within 0.5 miles of one another totaling 475 non-climate controlled units, 42 climate controlled units and 30 parking spaces for a total of 547 units within 71,850 net rentable square feet. This opportunity also includes Harmsted Lot 17, a 2.96 acre vacant lot which St. Charles City has already approved for expansion. Ample Storage Elm Point is located at 2960 Elm Point Industrial Drive in St. Charles, Missouri and consists of 37 climate controlled units, 5 Climate Controlled Smart Units with Storage Defender Technology, 35 non-climate controlled Smart Units with Storage Defender Technology, 194 non-climate controlled units and 30 parking spaces for a total of 300 units within 37,100 net rentable square feet on approximately 3.5 acres. Amenities include a spacious on-site office, 20 HIKVision brand security cameras, Insomniac Kiosk by Open Tech Alliance, Digigate Gate, Trachte doors, perimeter chain fencing, recently sealed lot (2021) and controlled access entry. As of August 2021, Ample Storage Elm Point was 98 percent physically occupied. Ample Storage Harmsted is located at 941 Harmsted Court in St. Charles and consists of 175 non-climate controlled units and 72 non-climate Smart Technology units for a total of 247 units within 34,750 rentable square feet on approximately 3 acres. Ample Storage Harmsted Court was built in 2018 and opened January 2019. Amenities include professional manager’s office, 16 HIKvision cameras, Insomniac Kiosk and perimeter fencing. The facility gate is a PTI Storlogix with HySecurity technology. Unique to the Harmsted location and featured in Inside Self Storage Magazine in 2020, the Harmsted Amazon Locker Hub helps generate foot traffic to the facility. As of August 2021, Ample Storage Harmsted was 94 percent physically occupied. Both Ample Storage facilities enjoy growing population with over 36,784 people living within three miles and 81,519 living within five miles, three new residential subdivisions under development, and a new high school in construction that will be opening next year. Known for its Gateway Arch, the St. Louis Metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents. St. Charles, Missouri is a growing suburb of the St. Louis metro. Major employers in St. Charles include Ameristar Casinos, Coca-Cola and Boeing and educational institutions in St. Charles include Lindenwood University with total enrollment of nearly 15,000. The two properties can be managed by utilizing a full-time manager and kiosks at each site. With asking price at $7,700,000, the buyer will enjoy the continued growth through steady rent increases of the existing facility and physical value-add through the expansion of the vacant land.

Investment Highlights

  • 71,850 Combined Net Rentable Square Feet
  • Approved Self Storage Expansion for 11,700 sq. ft. of non-climate and 57 parking spaces on 2.96 Acres
  • Below Market Rents
  • Located in One of the Fastest Growing Counties in Missouri
  • In-Place Cap Rate of 6.16%

Exclusively Listed By

Listing Price: $7,700,000

Cap Rate
6.15%
Number of Units
475
Occupancy
98.0%
Gross SF
71,850
Rentable SF
71,850
Price/Rentable SF
$107.17
Year Built
2006

Investment Highlights

  • 71,850 Combined Net Rentable Square Feet
  • Approved Self Storage Expansion for 11,700 sq. ft. of non-climate and 57 parking spaces on 2.96 Acres
  • Below Market Rents
  • Located in One of the Fastest Growing Counties in Missouri
  • In-Place Cap Rate of 6.16%

Investment Overview

The Williams Storage Group of Marcus and Millichap is honored to present for sale the Ample Storage Portfolio in St. Charles, Missouri. This offering consists of two properties located within 0.5 miles of one another totaling 475 non-climate controlled units, 42 climate controlled units and 30 parking spaces for a total of 547 units within 71,850 net rentable square feet. This opportunity also includes Harmsted Lot 17, a 2.96 acre vacant lot which St. Charles City has already approved for expansion. Ample Storage Elm Point is located at 2960 Elm Point Industrial Drive in St. Charles, Missouri and consists of 37 climate controlled units, 5 Climate Controlled Smart Units with Storage Defender Technology, 35 non-climate controlled Smart Units with Storage Defender Technology, 194 non-climate controlled units and 30 parking spaces for a total of 300 units within 37,100 net rentable square feet on approximately 3.5 acres. Amenities include a spacious on-site office, 20 HIKVision brand security cameras, Insomniac Kiosk by Open Tech Alliance, Digigate Gate, Trachte doors, perimeter chain fencing, recently sealed lot (2021) and controlled access entry. As of August 2021, Ample Storage Elm Point was 98 percent physically occupied. Ample Storage Harmsted is located at 941 Harmsted Court in St. Charles and consists of 175 non-climate controlled units and 72 non-climate Smart Technology units for a total of 247 units within 34,750 rentable square feet on approximately 3 acres. Ample Storage Harmsted Court was built in 2018 and opened January 2019. Amenities include professional manager’s office, 16 HIKvision cameras, Insomniac Kiosk and perimeter fencing. The facility gate is a PTI Storlogix with HySecurity technology. Unique to the Harmsted location and featured in Inside Self Storage Magazine in 2020, the Harmsted Amazon Locker Hub helps generate foot traffic to the facility. As of August 2021, Ample Storage Harmsted was 94 percent physically occupied. Both Ample Storage facilities enjoy growing population with over 36,784 people living within three miles and 81,519 living within five miles, three new residential subdivisions under development, and a new high school in construction that will be opening next year. Known for its Gateway Arch, the St. Louis Metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents. St. Charles, Missouri is a growing suburb of the St. Louis metro. Major employers in St. Charles include Ameristar Casinos, Coca-Cola and Boeing and educational institutions in St. Charles include Lindenwood University with total enrollment of nearly 15,000. The two properties can be managed by utilizing a full-time manager and kiosks at each site. With asking price at $7,700,000, the buyer will enjoy the continued growth through steady rent increases of the existing facility and physical value-add through the expansion of the vacant land.

Exclusively Listed By

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