Self-Storage Facility
Alpha Storage
252 Wildwood Road, Hammond, IN 46324
Listing Price: $7,300,000
Investment Overview
Alpha Storage is housed in the historic Staube Piano factory building near downtown Hammond, Indiana. Hammond is enjoying a renaissance under new leadership. A South Shore Line railway extension is planned to connect Hammond and other Indiana commuters to the city of Chicago. The owners of Alpha Storage have performed a complete rehabilitation of the Staube building including new roofs, heating systems and an upgraded elevator. The 150,000-square foot building currently contains 575 heated self-storage units and vehicle parking spaces over 65,213 net-rentable square feet. The operation also includes acres of exterior space which is leased to other business and 93 vehicle parking stalls. The site also collects $65,040 of cell tower income, with 5G upside via direct access to as many as seven cellular-communications carriers. The Alpha Storage site offers substantial indoor and outdoor expansion potential, perhaps doubling the current capacity of services.
Alpha Storage
Investment Highlights
- Prime Hammond Location, Conveniently Located Near Planned Commuter Railway Station
- Vintage Rehabilitated Building With Substantial Room for Expansion
- 28.58 Percent Year-Five Leveraged Internal Rate of Return
- Features Abundant Inside and Outside Parking
- Cell Tower Revenue Streams
- Secure Facility with Brand New Fencing
Exclusively Listed By
Broker of Record
Listing Price: $7,300,000
Investment Highlights
- Prime Hammond Location, Conveniently Located Near Planned Commuter Railway Station
- Vintage Rehabilitated Building With Substantial Room for Expansion
- 28.58 Percent Year-Five Leveraged Internal Rate of Return
- Features Abundant Inside and Outside Parking
- Cell Tower Revenue Streams
- Secure Facility with Brand New Fencing
Investment Overview
Alpha Storage is housed in the historic Staube Piano factory building near downtown Hammond, Indiana. Hammond is enjoying a renaissance under new leadership. A South Shore Line railway extension is planned to connect Hammond and other Indiana commuters to the city of Chicago. The owners of Alpha Storage have performed a complete rehabilitation of the Staube building including new roofs, heating systems and an upgraded elevator. The 150,000-square foot building currently contains 575 heated self-storage units and vehicle parking spaces over 65,213 net-rentable square feet. The operation also includes acres of exterior space which is leased to other business and 93 vehicle parking stalls. The site also collects $65,040 of cell tower income, with 5G upside via direct access to as many as seven cellular-communications carriers. The Alpha Storage site offers substantial indoor and outdoor expansion potential, perhaps doubling the current capacity of services.
Exclusively Listed By
Broker of Record
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Josh Caruana
First Vice President/District Manager
