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.
Year Built: 2021
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.
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