Property details
Oklahoma Storage Facility For Sale, Southwest Region
Property Description
Oklahoma Storage Facility For Sale
New storage facility available for sale!
The current buildings are completely fenced and occupy 2.75 acres allowing for a considerable expansion opportunity.
This facility has Highway frontage.
Currently under development and is on track to be complete by August of 2021.
54,400 SF
320 Units
7 Buildings
7 Acres
Year Built: 2021
Population: 121,762
Median Age: 33
Median Income: $52,161
Located in a town that has grown 64% in the last 5 years. A major Interstate Highway runs straight through the town and this storage facility is only 1/2 mile from that. They have seen a lot of residential development in the area, houses are going up all over. Many people from a neighboring town are moving up because of less crime and better schools etc. There is one other smaller facility and other than that, there are a couple of super small facilities in town so definitely a need for square footage to support the nearby residential development.
NOI and cap rate based on 5.00% vacancy rate. Expenses based on a comparable facility with similar operations.
Images
Highlights
- Status:
- Available
- Price:
- $3,985,000
- PSF:
- $73
- Cap Rate:
- 6.38%
- Annual Rent:
- $254,047
Property Information
- Building Size:
- 54,400 sq.ft.
- Property Type:
- Storage Properties
- Industry Type:
- Self Storage - Mini Storage
- Units/Spaces:
- 320
- Year Built:
- 2021
- Land Area:
- 7.00 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.