12181 Back Massillon Rd - Specialty FOR SALE


Orrville, OH 44667
$2,500,000 USD
914-365-0752
12181 Back Massillon Rd, Orrville, OH for Sale
$2,500,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

12181 Back Massillon Rd
Orrville, OH 44667


OVERVIEW

- Cash-Flowing Self Storage Facility Comprised of 181 Non-Climate Units Totaling 28,840 NRSF - Efficiently Managed Facility Featuring Strong Physical Occupancy Above 85% and Achieved Rates Well Above Market - Opportunity to Increase Revenue Through Completing the Final Stages of Stabilization and the Continuation of Existing Customer Rent Increases - Low Market Saturation Rate of 7.9 SF/Capita for Self Storage and No Planned Storage Developments Within Five Miles of the Property - Facility is an Excellent Candidate for Remote Management with Security Cameras and Management Software Already In Place - Strong Average Household Income of $78,246 Within Five Miles of the Property - Orrville is Located in Northeast Ohio Approximately 20 Miles Southwest of Akron and is Home to 8,442 Residents - The Wooster MSA is the 11th Largest in the State of Ohio and is Home to 116,510 Residents

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Storage - Orrville

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

04-00643-001

ASK ABOUT THIS PROPERTY

David PerlleshiFranklin StreetMore Info
914-365-0752

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David PerlleshiFranklin StreetMore Info
914-365-0752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.