1580 Rathmell Rd - Flex FOR SALE


Lockbourne, OH 43137
$2,300,000 USD
740-404-1071
1580 Rathmell Rd, Lockbourne, OH for Sale
$2,300,000 USD
Flex - FOR SALE
1/15
null | Request Cap Rate

1580 Rathmell Rd
Lockbourne, OH 43137


HIGHLIGHTS

  • Furnished home to Airbnb or owner occupant
  • 43 Outdoor vehicle & RV storage with room to grow
  • Pole barn 3600' & Office 672' Gated property immediate income

OVERVIEW

Be your own property manager by living in the beautiful home on-site or create additional income as a furnished rental property or short-term rental! Perfect setup for a stay-at-home spouse to supplement the household income. Turnkey Storage Business for sale only with the purchase of the property home. The established business generates a very passive income and does not require full-time management. The 5+ acre property is zoned General Industrial in an area experiencing massive growth in the Rickenbacker/Obetz/Lockbourne region. There are (31) enclosed 8x20' storage units, (1) 3600 s.f. building (2 tenants) and (1) 672 s.f. office separated into 3 tenant spaces. Both buildings have bathrooms and a new septic system was recently designed and installed allowing for future growth. In addition, there is (48+) open parking spaces for equipment, boats, RV's and/or material. Owner is currently engaged in an expansion project for additional parking spaces and/or there is room for future building additions. All current tenants have storage agreements or leases in place and 80% are setup on 'autopay' each month. There is a favorable mix of individual and corporate tenants currently occupying the facility. In all, there is 30,148 s.f. of rentable space with 29,348 currently occupied. Occupancy rate currently 97% and economic occupancy is 77.5% Access is controlled with 2 remote controlled gates, keypad controls and CCTV cameras throughout the facility. Assets with the sale include 31 storage units, 2 semi van trailers, New Holland skid loader, Kubota side-by-side UTV w/Boss snow plow, office computers, phone systems and office furniture. The company is also an authorized U-haul dealer which can be operated by the next Owner if interested. This General Industrial zoned property will only be sold with the business which would be another 1.4 mill making full asking price of 2.3 mill

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Storage /Office/Pole Barn/House

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1

LAND SF

222,137

ZONING

-

APN/PARCEL ID

150-002605

ASK ABOUT THIS PROPERTY

Cindi Watkinse-Merge Real Estate ExcellenceMore Info
740-404-1071

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Cindi Watkinse-Merge Real Estate ExcellenceMore Info
740-404-1071

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