5885 Haughn Rd - Self-Storage Facilities FOR SALE


Grove City, OH 43123
$4,400,000 USD
614-204-4904
5885 Haughn Rd, Grove City, OH for Sale
$4,400,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | 4.55% Cap Rate

5885 Haughn Rd
Grove City, OH 43123


OVERVIEW

This Self Storage is located in Grove City. It sits on 5.33 acres with 2 storage buildings equaling 22,800 sq ft, with office building, and large RV parking storage. This storage is 95% full and stays that way thru out the year. There are presently has 160 flexible storage units along with 138 rentable parking spaces. This 298 space self-storage has net income over $200,000 annually. The owners rarely visit this site ,as they have a manager in place. The plan is to develop this site into more storage units. The sellers have an approved plan to build 4 new storage buildings, a new office building, and to have 30 parking spaces. This will add 340 NEW self storage garages to the already 168 spaces. This will bring the rentable garages to 508 with 30 parking spots totaling 538 rentables. The underground storm water catch basin is already installed saving over $100,000 of investment. The seller has architectural plans for these additions.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RHS Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.33 AC

LAND SF

232,175 SF

ZONING

PUDI, Grove City

APN/PARCEL ID

040-010580

ASK ABOUT THIS PROPERTY

Randy SokolSokol Realty LLCMore Info
614-204-4904

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Randy SokolSokol Realty LLCMore Info
614-204-4904

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