HIGHLIGHTS
- Dense population: 69,000+ residents within 3 miles, 140,000 within 5 miles
- Going-in yield offered at 60% occupancy with significant upside upon stabilization
- Limited supply: only 5.53 SF per capita within 3 miles and 8.08 within 5 miles
- Extremely below market rents with 30%+ upside still remaining
- Population growth of 0.5% per year since 2020 within 3-mile trade area
- Nothing in the self-storage development pipeline within 4 miles
FOR SALE DETAILS
PRICE
$4,370,000 USD
PRICE/SF
$82 USD /SF
CAP RATE
5.91%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lockbox Storage (Managed)
PROPERTY TYPE
Specialty
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
3.67 AC
LAND SF
159,865 SF
ZONING
Industrial
APN/PARCEL ID
K0051-13
ASK ABOUT THIS PROPERTY
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678-735-1386
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678-735-1386
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