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Self-Storage Facility

Nomar Self Storage

2505 N Market St, Wichita, KS 67219

Listing Price: $1,650,000

Cap Rate
3.21%
Number of Units
167
Occupancy
51.1%
Rentable SF
23,940
Price/Rentable SF
$68.92
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to exclusively present the sale of Nomar Self Storage, a two-property self-storage portfolio located at 2505 N Market Street and 354 W 29th Street North in Wichita, Kansas. The properties are only one mile apart from each other on the northside of Wichita. The Dwight D. Eisenhower National Airport is only six miles away and Wichita State University, which has over 16,000 students enrolled, is only 2.5 miles away. There are currently 167 non-climate-controlled units between both properties with 19 more currently under construction at the Market Street location. The Market Street facility also has an additional warehouse space attached to the manager's office which is currently being utilized by the owner for his other business. With the supply only being at 6.12 rentable square feet per capita within a five-mile radius, there is room to expand at both properties.

Investment Highlights

  • Two-Property Self-Storage Portfolio
  • Fully-Fenced and Gated Facilities with Concrete Driveways
  • Additional 2,100 Square Feet Currently Under Construction at North Market Street Site
  • Up to 16,000 Square Feet of Expansion Opportunity
  • Warehouse Space can be Converted to Climate-Controlled Storage
  • On-Site Manager's Office
  • Below Market Rents with 6.12-Rentable Square Feet per Capita in a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Self-Storage Facility

Nomar Self Storage

Listing Price: $1,650,000

Cap Rate
3.21%
Number of Units
167
Occupancy
51.1%
Rentable SF
23,940
Price/Rentable SF
$68.92
Year Built
2015

Investment Highlights

  • Two-Property Self-Storage Portfolio
  • Fully-Fenced and Gated Facilities with Concrete Driveways
  • Additional 2,100 Square Feet Currently Under Construction at North Market Street Site
  • Up to 16,000 Square Feet of Expansion Opportunity
  • Warehouse Space can be Converted to Climate-Controlled Storage
  • On-Site Manager's Office
  • Below Market Rents with 6.12-Rentable Square Feet per Capita in a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present the sale of Nomar Self Storage, a two-property self-storage portfolio located at 2505 N Market Street and 354 W 29th Street North in Wichita, Kansas. The properties are only one mile apart from each other on the northside of Wichita. The Dwight D. Eisenhower National Airport is only six miles away and Wichita State University, which has over 16,000 students enrolled, is only 2.5 miles away. There are currently 167 non-climate-controlled units between both properties with 19 more currently under construction at the Market Street location. The Market Street facility also has an additional warehouse space attached to the manager's office which is currently being utilized by the owner for his other business. With the supply only being at 6.12 rentable square feet per capita within a five-mile radius, there is room to expand at both properties.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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