640 Garfield ave - Self-Storage Facilities FOR SALE


Sterling, KS 67579
$875,000 USD
913-707-9030
640 Garfield ave, Sterling, KS for Sale
$875,000 USD
Self-Storage Facilities - FOR SALE
1/3

640 Garfield ave
Sterling, KS 67579


HIGHLIGHTS

  • 16,200 RSF drive-up storage plus 8,400 SF parking
  • 2.65 -acre site with room for expansion
  • Value-add opportunity with lease-up and expansion
  • Only fenced and gated facility in the area
  • Partial property tax rebate under Neighborhood Revitalization Program (NRP)

OVERVIEW

LakeSide Storage presents a great opportunity to acquire the newest and cleanest self-storage facility in Sterling, Kansas. Currently in its lease-up stage, the property offers significant upside potential for an experienced operator seeking to grow occupancy and revenue in a stable market with increasing demand. The facility is located in the heart of Kansas and sits less than 0.25 miles from KMW Ltd.’s Corporate Headquarters. In April 2024, KMW—a precision agricultural equipment manufacturer—announced a $105 million investment to build a new North American headquarters and state-of-the-art production plant on 151 acres north of Sterling. This expansion is projected to add 251 new jobs, nearly doubling their local workforce to around 485 employees. It is also located just 2 miles from Sterling College, a private four-year institution with 730+ students and immediate proximity to Cottonwood Lake and Sterling Lake, driving recreational storage demand. With the property still in a lease-up stage, combined with the additional room for expansion, this is a great value-add opportunity for the experienced self-storage investor.

FOR SALE DETAILS

PRICE

$875,000 USD

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LakeSide Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,434 SF

ZONING

-

APN/PARCEL ID

184-20-0-00-00-005.00-0

ASK ABOUT THIS PROPERTY

Derek ArnoldGoldman Investment Advisors, Inc.More Info
913-707-9030

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Derek ArnoldGoldman Investment Advisors, Inc.More Info
913-707-9030

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