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Self-Storage Facility

Store Space (Managed) - Cincinnati

5242 Crookshank Rd, Cincinnati, OH 45238

Listing Price: $7,100,000

Cap Rate
0.43%
Number of Units
500
Occupancy
89.0%
Rentable SF
49,025
Price/Rentable SF
$144.82
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a class A, three property portfolio located in Atlanta, Cincinnati, and Orlando. The three facilities have 2,062 total combined units, totaling 213,960 net rentable square feet. The facilities also include 48 parking spaces available for rent. The properties were recently renovated and already have a combined 81 percent physical occupancy. All locations are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. They all benefit from extremely dense and growing surrounding populations. All three facilities are located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. This provides the facilities with high daily traffic counts ranging from 8,500-28,000 cars per day. Atlanta, Cincinnati, and Orlando Store Space (Managed) Portfolio is being offered for $43.05 million or $201.21 per rentable square foot.

Investment Highlights

  • Recently Renovated, Class-A, Three Property Self-Storage Portfolio
  • Combined 213,960 Net Rentable Square Feet
  • 2,062 Climate-Controlled Units
  • 48 Parking Spaces
  • Below Market Rents at Each Facility

Exclusively Listed By

Financing By

Self-Storage Facility

Store Space (Managed) - Cincinnati

Listing Price: $7,100,000

Cap Rate
0.43%
Number of Units
500
Occupancy
89.0%
Rentable SF
49,025
Price/Rentable SF
$144.82
Year Built
1986

Investment Highlights

  • Recently Renovated, Class-A, Three Property Self-Storage Portfolio
  • Combined 213,960 Net Rentable Square Feet
  • 2,062 Climate-Controlled Units
  • 48 Parking Spaces
  • Below Market Rents at Each Facility

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a class A, three property portfolio located in Atlanta, Cincinnati, and Orlando. The three facilities have 2,062 total combined units, totaling 213,960 net rentable square feet. The facilities also include 48 parking spaces available for rent. The properties were recently renovated and already have a combined 81 percent physical occupancy. All locations are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. They all benefit from extremely dense and growing surrounding populations. All three facilities are located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. This provides the facilities with high daily traffic counts ranging from 8,500-28,000 cars per day. Atlanta, Cincinnati, and Orlando Store Space (Managed) Portfolio is being offered for $43.05 million or $201.21 per rentable square foot.

Exclusively Listed By

Financing By

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