Self-Storage Facility

R&S Mini Storage

400 W Mason St, Odessa, MO 64076

Listing Price: $3,500,000

Cap Rate
6.21%
Number of Units
469
Occupancy
61.30%
Gross SF
93,820
Rentable SF
93,820
Price/Rentable SF
$37.31
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale R&S Mini Storage located at 400 West Mason in Odessa, Missouri. The total square footage of R&S Mini Storage is 93,820 square feet over 469 total rentable units. The unit mix within that square footage includes 437 non-climate controlled units over 67,300 square feet, 5 commercial spaces and 1 studio apartment space over 14,000 square feet and 26 parking spaces. This offering also includes a cash-flowing laundromat.

R&S Mini Storage is a massive offering spanning several contiguous city blocks covering 8 total parcels. Within this offering are three main locations: 616 West Dryden, 200 South 5th Street and 400 West Mason. The 616 West Dryden location totals 3.55 acres, is completely fenced and gated and includes non-climate storage, outside parking and a studio apartment. There is approximately 1 acre of flat land within that site for expansion. The 200 South 5th Street locations cover 2 city blocks over 2.79 acres and include perimeter fencing, gate code access automatic gate and gravel drives. The 400 West Mason location on features R&S Mini's rental office with adjoining laundromat, 5 commercial leased spaces and non-climate storage units

Located off Interstate 70, Odessa, Missouri is 36 miles east of downtown Kansas City and is considered part of the greater Kansas City MSA. The 3-mile population around R&S Mini is currently 6,142 and the average household income is $64,178. Industries in Odessa include manufacturing, transportation and education. Historic downtown Odessa has witnessed a resurgence of growth over the past few years and is alive with business, including eateries, gift shops and City Hall.

Listed at $3,500,000, R&S Mini Storage represents an opportunity to acquire a stabilized, cash flowing facility located in the heart of Odessa, Missouri, surrounded by residential and commercial properties. There are many value-add components an investor can add to this asset including greater automation through management software, development of vacant land for RV or boat storage, offering ancillary profit centers such as tenant insurance and increasing existing customer rates.

Investment Highlights

  • 469 Total Units I 93,820 Rentable Square Feet
  • 85% Physical Occupancy
  • 8.2 Total Acres
  • Over 2+ Acres Available for Physical Expansion
  • Unit Mix Includes Commercial Tenants

Exclusively Listed By

Self-Storage Facility

R&S Mini Storage

Listing Price: $3,500,000

Cap Rate
6.21%
Number of Units
469
Occupancy
61.30%
Gross SF
93,820
Rentable SF
93,820
Price/Rentable SF
$37.31
Year Built
1986

Investment Highlights

  • 469 Total Units I 93,820 Rentable Square Feet
  • 85% Physical Occupancy
  • 8.2 Total Acres
  • Over 2+ Acres Available for Physical Expansion
  • Unit Mix Includes Commercial Tenants

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale R&S Mini Storage located at 400 West Mason in Odessa, Missouri. The total square footage of R&S Mini Storage is 93,820 square feet over 469 total rentable units. The unit mix within that square footage includes 437 non-climate controlled units over 67,300 square feet, 5 commercial spaces and 1 studio apartment space over 14,000 square feet and 26 parking spaces. This offering also includes a cash-flowing laundromat.

R&S Mini Storage is a massive offering spanning several contiguous city blocks covering 8 total parcels. Within this offering are three main locations: 616 West Dryden, 200 South 5th Street and 400 West Mason. The 616 West Dryden location totals 3.55 acres, is completely fenced and gated and includes non-climate storage, outside parking and a studio apartment. There is approximately 1 acre of flat land within that site for expansion. The 200 South 5th Street locations cover 2 city blocks over 2.79 acres and include perimeter fencing, gate code access automatic gate and gravel drives. The 400 West Mason location on features R&S Mini's rental office with adjoining laundromat, 5 commercial leased spaces and non-climate storage units

Located off Interstate 70, Odessa, Missouri is 36 miles east of downtown Kansas City and is considered part of the greater Kansas City MSA. The 3-mile population around R&S Mini is currently 6,142 and the average household income is $64,178. Industries in Odessa include manufacturing, transportation and education. Historic downtown Odessa has witnessed a resurgence of growth over the past few years and is alive with business, including eateries, gift shops and City Hall.

Listed at $3,500,000, R&S Mini Storage represents an opportunity to acquire a stabilized, cash flowing facility located in the heart of Odessa, Missouri, surrounded by residential and commercial properties. There are many value-add components an investor can add to this asset including greater automation through management software, development of vacant land for RV or boat storage, offering ancillary profit centers such as tenant insurance and increasing existing customer rates.

Exclusively Listed By

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