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Self-Storage Facility

Climate Storage

1547 E 23rd St, Lawrence, KS 66046

Listing Price: $3,100,000

Cap Rate
4.26%
Number of Units
214
Occupancy
83.7%
Gross SF
27,216
Rentable SF
19,010
Price/Rentable SF
$163.07
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present Climate Storage located at 1547 East 23rd Street in Lawrence, Kansas. Situated on 1.6 acres, Climate Storage is located close to the heart of Lawrence and includes climate-controlled self-storage units. The subject property was built in 2018 and is a secure, state-of-the-art facility. Climate Storage consists of 214 climate-controlled units with on-site management. The property also has additional opportunity for expansion. Climate Storage is located in Lawrence, Kansas which is the sixth-largest city in the state. Lawrence is approximately 25 miles east of Topeka and 35 miles west of Kansas City, Kansas. As of 2019, Lawrence's estimated median household income was $57,829 with an estimated per capita income of $32,633.

Investment Highlights

  • 214 Climate-Controlled Units
  • On-Site Management
  • Newer Facility, Built in 2018
  • 14,025 Net-Rentable Square Feet of Expansion Opportunity
  • Additional $221,641 in Expansion Income
  • Less Than Two Miles from The University of Kansas

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Self-Storage Facility

Climate Storage

Listing Price: $3,100,000

Cap Rate
4.26%
Number of Units
214
Occupancy
83.7%
Gross SF
27,216
Rentable SF
19,010
Price/Rentable SF
$163.07
Year Built
2018

Investment Highlights

  • 214 Climate-Controlled Units
  • On-Site Management
  • Newer Facility, Built in 2018
  • 14,025 Net-Rentable Square Feet of Expansion Opportunity
  • Additional $221,641 in Expansion Income
  • Less Than Two Miles from The University of Kansas

Investment Overview

Marcus & Millichap is pleased to present Climate Storage located at 1547 East 23rd Street in Lawrence, Kansas. Situated on 1.6 acres, Climate Storage is located close to the heart of Lawrence and includes climate-controlled self-storage units. The subject property was built in 2018 and is a secure, state-of-the-art facility. Climate Storage consists of 214 climate-controlled units with on-site management. The property also has additional opportunity for expansion. Climate Storage is located in Lawrence, Kansas which is the sixth-largest city in the state. Lawrence is approximately 25 miles east of Topeka and 35 miles west of Kansas City, Kansas. As of 2019, Lawrence's estimated median household income was $57,829 with an estimated per capita income of $32,633.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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