830 N 6th St - Self-Storage Facilities FOR SALE


Lafayette, IN 47904
$8,900,000 USD
317-403-1205
830 N 6th St, Lafayette, IN for Sale
$8,900,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

830 N 6th St
Lafayette, IN 47904


HIGHLIGHTS

  • Extremely high barriers to entry as Lafayette has placed restrictions essentially banning any new development.
  • Class A facility with Certificate of Occupancy issued August 2022.
  • New development in Lafayette, IN.
  • Excellent unit count with a plethora of parking on approximately 2 acres.

OVERVIEW

Life Storage (3rd party managed by Extra Space) is a new Class A conversion and expansion which opened on August 23, 2022. Ideally located on the corner of N. 6th Street & Salem Street, it encompasses an entire block bordered by N. 6th Street on the east, N. 5th Street on the west, Salem Street (main one-way westbound street into West Lafayette) on the north and Union Street (main one-way eastbound street into out of West Lafayette) on the south. Lease-up has been exceptional; facility is 100% occupied in a twenty-four month (24) span. Strong demographics and strong job growth in the overall trade area. A major development that was announced for West Lafayette is that South Korean company, SK Hynix, is building a $4 billon dollar semiconductor packaging facility at the Purdue Research Park.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LifeStorage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

Commercial

APN/PARCEL ID

79-07-20-261-012.000-004,79-07-20-264-001.000-004,79-07-20-264-002.000-004,79-07-20-264-004.000-004,79-07-20-264-005.000-004,79-07-20-264-006.000-004,79-07-20-264-007.000-004,79-07-20-264-008.000-004,79-07-20-264-009.000-004,79-07-20-268-002.000-004

ASK ABOUT THIS PROPERTY

Robert SchickSchick & Associates IncMore Info
317-403-1205

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Robert SchickSchick & Associates IncMore Info
317-403-1205

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