1911 S University Blvd - Self-Storage Facilities FOR SALE


Middletown, OH 45044
$2,500,000 USD
630-570-2223
1911 S University Blvd, Middletown, OH for Sale
$2,500,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | Request Cap Rate

1911 S University Blvd
Middletown, OH 45044


HIGHLIGHTS

  • 33,950 Rentable Square Feet
  • 217 Non-Climate-Controlled Units & 45 Outdoor Parking Space
  • Additional Storage Building Added in 2022
  • Opportunity to Raise In-Place Rents to Meet Market Rates

OVERVIEW

The Delaney Self-Storage Group of Marcus & Millichap is delighted to present University Self Storage, a prime investment opportunity in Middletown, Ohio. This property features seven buildings spread across 3.91 acres, offering 33,950 rentable square feet across 217 non-climate-controlled units, along with 45 outdoor parking spaces. • Strategic Location: Situated within a bustling industrial and manufacturing corridor, University Self Storage benefits from high visibility with approximately 16,000 vehicles passing daily along South University Boulevard. • Upside Potential: The property presents significant upside opportunities, including the potential to increase in-place rents to meet the market, enhancing overall revenue. • Well-Maintained Asset: Investors will acquire a well-build and maintained self-storage facility, ensuring long-term value and operational efficiency.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

3.91 AC

LAND SF

170,320 SF

ZONING

I2, Middletown

APN/PARCEL ID

Q6542-040-000-026,Q6542-079-000-007,Q6542-079-000-008,Q6542-079-000-009,Q6542-079-000-010

ASK ABOUT THIS PROPERTY

Jeffrey HerrmannMarcus & MillichapMore Info
630-570-2223

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Jeffrey HerrmannMarcus & MillichapMore Info
630-570-2223

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