Self Storage for Sale

4395 Lisa Drive
Tipp City, OH 45371
County: Miami

22,900 sq ft
3.93 Acres

Price: $899,000 Reduced
Cap Rate: 8.40%

This fine self storage business was started in 1999. The buildings occupy a site of about 1.63 acres and include over 22,900 square feet of rentable space. The entire area is paved with quality asphalt drives. An adjacent lot is currently used for recreational vehicle storage and includes .87 acres providing room for over 10,000 square feet of additional buildings. Also included are two nearby fenced recreational vehicle storage lots comprising over 1.43 acres. This offering includes approximately 3.93 total acres.

There are four storage buildings comprising 171 units sized from 5' x 5' to 10' x 30' . The facility includes a nice restroom equipped 300 square foot office as well as another 300 square feet of storage space for business incidentals. Another 86 camper and motor home storage spaces are available as well as a small space rented to a radio station for their transmitting equipment.

The facility and primary recreational vehicle storage area has an electric gate with DigiGate keypad controlled access which is integrated with the storage accounting software.

Elite Self Storage is well located with visibility from a busy road with a mix of neighboring businesses including national retailers such as Lowe' s, Kohl' s, Staples, Dick' s Sporting Goods, Elder Berman, Marshall' s, Bed Bath & Beyond, an automobile dealership, national restaurant chains including Applebee' s, Big Boy, Steak n Shake, Texas Roadhouse, Waffle House and other service businesses all contributing to a nice mix of potential customers. These customers reside in the many nearby homes and apartments and travel the route on a frequent basis.

The mailing address is Tipp City but the facility is in the Huber Heights market, just 750 feet from the Huber Heights city limits.

• Hot Huber Heights Market

• Room for Expansion
• Very Good Upside

• Quality Buildings
• Excellent Condition

• Quality Tenants

NOI: $83,832



 

Contact: George Henshaw at (800) 997-7966