Albany Storage (Overview)
This offering presents an exceptional opportunity to acquire a pair of stabilized self-storage facilities in Albany, Kentucky, located just 0.6 miles apart. Together, these facilities feature 104 drive-up, nonclimate-controlled units plus office space, with a combined 14,560 rentable square feet and a strong occupancy rate of 92.86% as of March 2025.
Both properties are operated remotely using ESS management software, providing efficient oversight and lean operations. Units are leased on a month-to-month basis, offering operational flexibility and upside through rental rate adjustments. The facilities are currently operating at a 31% expense ratio, supported by low property taxes of only $2,600 annually (combined).
Facility One – 306 Allen Street
Located in the heart of Albany, this is the larger of the two facilities, offering 11,140 rentable square feet across 78 units and an on-site office. Built in 1995 and well-maintained, this facility benefits from strong in-town visibility and access.
Unit Mix:
11 units – 7’ x 10’
18 units – 10’ x 10’
27 units – 10’ x 15’
16 units – 10’ x 20’
6 units – 10’ x 22’
Facility Two – 127 US-127 Rd
Constructed in 2018, this second facility offers 3,420 rentable square feet and includes 27 existing units. Located on US-127, it benefits from average daily traffic counts of 3,100, offering great visibility and marketing exposure. Importantly, 10 additional units are currently stored on-site and ready for quick and inexpensive assembly, allowing for immediate expansion post-closing. The site also has room for further development.
Unit Mix:
14 units – 10’ x 10’
14 units – 10’ x 15’
Market & Demographics
The facilities are located in Albany, KY, serving a rural but stable population base. Within a 7-mile radius, the average household income is approximately $59,000, supporting strong ongoing demand for value-driven self-storage solutions.
Key Investment Highlights
•Combined 14,560 Rentable SF | 104 Units + Offices
•92.86% Occupancy (March 2025)
•Drive-Up, Non-Climate-Controlled Units
•ESS Management Software & Remote Operation
•Low Property Taxes – $2,600 Annually Combined
•Month-to-Month Leases Across the Portfolio
•31% Expense Ratio – Lean and Scalable Operations
•Immediate Expansion Potential at US-127 Site (10 Units On-Site)
•Room for Further Build-Out on US-127 Parcel
•3,100 AADT on US-127 – High Visibility Corridor
•$59K Avg Household Income Within 7-Mile Radius
One of the owners of the storage portfolio is a licensed real estate broker in the State of Kentucky.