3383-3385 Freys Hill Rd - Self-Storage Facilities FOR SALE


Louisville, KY 40241- Outer East End
$6,500,000 USD
909-380-0073
3383-3385 Freys Hill Rd, Louisville, KY for Sale
$6,500,000 USD
Self-Storage Facilities - FOR SALE
1/26
null | 5.14% Cap Rate

3383-3385 Freys Hill Rd
Louisville, KY 40241
Outer East End


HIGHLIGHTS

  • Converted in 2018
  • All Climate Control Units
  • High Traffic Area
  • Signalized Intersection
  • Proximity to National Retail Chains
  • Creative Financing

OVERVIEW

John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. no one comes to the Father except through Me." River City Self Storage, located at 3383 Freys Hill Rd, Louisville, KY 40241, presents an excellent investment opportunity in the vibrant Louisville/Jefferson County Metropolitan Statistical Area, which boasts a population of over 1.3 million residents. This property consists of 35,164 enclosed square feet of climate control storage divided into 329 units; as well as 2 vehicle parking spaces. Originally constructed in 1992 and later converted in 2018, River City Self Storage features a modern design with metal and steel construction, offering a durable and secure storage environment. The property comprises a single building spanning two stories, strategically situated near the intersection of Freys Hill Rd and Interstate 265, ensuring high visibility and accessibility within a bustling traffic area. With a commendable physical occupancy rate of 92%, River City Self Storage benefits from its proximity to major retail establishments and residential neighborhoods, providing a steady demand for storage services. The property also enjoys a 4.8-star customer rating on Google, reflecting its excellent service and management quality. Notable attributes of this investment opportunity include climate-controlled storage options, expansion potential, and the availability of creative financing solutions, enhancing the property's income-generating capabilities and future growth prospects. The signalized intersection nearby further enhances accessibility and exposure to potential customers. This property represents a compelling investment choice with established occupancy, favorable customer ratings, and promising expansion opportunities in a strategic location. Interested investors can explore further details about River City Self Storage and its investment potential.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

5.14%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River City Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-1

APN/PARCEL ID

001301860000

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
909-380-0073

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Brandon RobinsonCalvary RealtyMore Info
909-380-0073

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