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Self-Storage Facility

Toledo Road Storage

1651 Toledo Rd, Elkhart, IN 46516

Listing Price: $1,125,000

Cap Rate
6.51%
Number of Units
27
Occupancy
100.0%
Rentable SF
23,060
Price/Rentable SF
$48.79
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Toledo Road Storage located in Elkhart, Indiana. The facility consists of 27 non-climate-controlled units and five retail spaces totaling 23,060 net rentable square feet. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a gated, keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 93,335 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, restaurants, and retail stores. This offers the facility great street frontage and high daily traffic counts of around 9,300 cars per day off Toledo Road. Toledo Road Storage is being offered for $1,125,000 or $48.79 per rentable square foot.

Investment Highlights

  • 23,060 Net Rentable Square Feet
  • 27 Non-Climate-Controlled Units
  • Five Retail Spaces | Eight Parking Spaces
  • Stabilized Facility: 100 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Self-Storage Facility

Toledo Road Storage

Listing Price: $1,125,000

Cap Rate
6.51%
Number of Units
27
Occupancy
100.0%
Rentable SF
23,060
Price/Rentable SF
$48.79
Year Built
1970

Investment Highlights

  • 23,060 Net Rentable Square Feet
  • 27 Non-Climate-Controlled Units
  • Five Retail Spaces | Eight Parking Spaces
  • Stabilized Facility: 100 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Toledo Road Storage located in Elkhart, Indiana. The facility consists of 27 non-climate-controlled units and five retail spaces totaling 23,060 net rentable square feet. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a gated, keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 93,335 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, restaurants, and retail stores. This offers the facility great street frontage and high daily traffic counts of around 9,300 cars per day off Toledo Road. Toledo Road Storage is being offered for $1,125,000 or $48.79 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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