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Self-Storage Facility

The Storage Lot

104 Amber Wy, Catawissa, MO 63015

Listing Price: $1,180,000

Cap Rate
7.66%
Number of Units
147
Occupancy
97.0%
Rentable SF
19,266
Price/Rentable SF
$61.25
Year Built
2011

Investment Overview

The Williams Storage Group of Marcus & Millichap is honored to present for sale The Storage Lot in Catawissa, Missouri. This well-maintained facility consists of 19,266 rentable square feet encompassing 129 non-climate controlled units and 18 outside parking spaces; a total of 147 units covering approximately 2.68 acres. The Storage Lot is secured by perimeter fencing and boasts an extensive surveillance system that consists of 38 security cameras and LED safety lights posted throughout the property. A recent upgrade of the AXCYS gate system platform (2020) now allows for mobile app integration technology. In addition, 11 fire extinguishers are visible and accessible throughout the property. Other amenities include a professional manager’s office and management software. As of December 2021, The Storage Lot was 97 percent physically occupied. Catawissa is a community located in Franklin County, Missouri, approximately 45 miles southwest of downtown St. Louis and 7 miles south of Highway 44. The population within a 5 mile radius is around 13,195 and the area has experienced an 11.4 percent population increase since the year 2000. The education and manufacturing industries make up the majority of the top employers in the area. Listed for $1,180,000, The Storage Lot is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and adding additional revenue streams, an investor will experience upwards of 10.32 percent cash-on-cash return by end of year one.

Investment Highlights

  • Value-Add Storage Facility in St. Louis MSA
  • 19,266 Total Rentable Square Feet I 147 Total Units
  • 2.68 Acres Completed Fenced and Gated with Room for Expansion
  • Year 1 Cap Rate 7.33 Percent
  • Year 1 Cash-on-Cash 10.32 Percent

Exclusively Listed By

Self-Storage Facility

The Storage Lot

Listing Price: $1,180,000

Cap Rate
7.66%
Number of Units
147
Occupancy
97.0%
Rentable SF
19,266
Price/Rentable SF
$61.25
Year Built
2011

Investment Highlights

  • Value-Add Storage Facility in St. Louis MSA
  • 19,266 Total Rentable Square Feet I 147 Total Units
  • 2.68 Acres Completed Fenced and Gated with Room for Expansion
  • Year 1 Cap Rate 7.33 Percent
  • Year 1 Cash-on-Cash 10.32 Percent

Investment Overview

The Williams Storage Group of Marcus & Millichap is honored to present for sale The Storage Lot in Catawissa, Missouri. This well-maintained facility consists of 19,266 rentable square feet encompassing 129 non-climate controlled units and 18 outside parking spaces; a total of 147 units covering approximately 2.68 acres. The Storage Lot is secured by perimeter fencing and boasts an extensive surveillance system that consists of 38 security cameras and LED safety lights posted throughout the property. A recent upgrade of the AXCYS gate system platform (2020) now allows for mobile app integration technology. In addition, 11 fire extinguishers are visible and accessible throughout the property. Other amenities include a professional manager’s office and management software. As of December 2021, The Storage Lot was 97 percent physically occupied. Catawissa is a community located in Franklin County, Missouri, approximately 45 miles southwest of downtown St. Louis and 7 miles south of Highway 44. The population within a 5 mile radius is around 13,195 and the area has experienced an 11.4 percent population increase since the year 2000. The education and manufacturing industries make up the majority of the top employers in the area. Listed for $1,180,000, The Storage Lot is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and adding additional revenue streams, an investor will experience upwards of 10.32 percent cash-on-cash return by end of year one.

Exclusively Listed By

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