1454 W 6th Ave - Self-Storage Facilities FOR SALE


El Dorado, KS 67042
$1,250,000 USD
316-262-0000
1454 W 6th Ave, El Dorado, KS for Sale
$1,250,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 8.64% Cap Rate

1454 W 6th Ave
El Dorado, KS 67042


OVERVIEW

Located 30 minutes from Wichita, El Dorado is conveniently located along the Kansas Turnpike. All four sites located within a mile. Value-add opportunity with current street rates 25-30% below the market average. Opportunity to increase revenue with implementing tenant insurance and Existing Customer Rent Increases which will add approximately $1,000 per month to the rent roll. Current Scheduled Monthly Rental Income: $13,749 — ($15,955 at current street rates) Priced well below replacement cost at $37.45/SF 94% Physical Occupancy Low delinquency percentage with over 80% of customers paying via recurring billing. Remodeled in 2024 with new paint at all four facilities and security cameras. The property website (www.butlercountystorage.com), naming rights, and google business page included in the deal. Reliable boots on the ground manager in place that is will to stay on for a new owner. El Dorado is home to Butler County Community College, the second largest community college in the state with more than 13,000 students. El Dorado Lake & State Park is one of the premiere lake destinations in the Midwest averaging over a million visitors annually. Financials available upon request.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

8.64%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Butler County Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

I1

APN/PARCEL ID

168-34-0-40-04-011-00-0

ASK ABOUT THIS PROPERTY

Drew Gannon, CCIMNAI MartensMore Info
316-262-0000

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Drew Gannon, CCIMNAI MartensMore Info
316-262-0000

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