1911 S University Blvd - University Self Storage
33,950 SF Specialty Building Offered at $2,500,000 in Middletown, OH 45044
INVESTMENT HIGHLIGHTS
- 33,950 Rentable Square Feet
- Additional Storage Building Added in 2022
- 217 Non-Climate-Controlled Units & 45 Outdoor Parking Space
- Opportunity to Raise In-Place Rents to Meet Market Rates
EXECUTIVE SUMMARY
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.
• 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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,500,000 |
| Price Per SF | $73.64 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.91 AC |
| Building Size | 33,950 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 1.33/1,000 SF |
| Clear Ceiling Height | 8’ |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $256,520 | |
| Land Assessment | $28,320 | Total Assessment | $284,840 |
ZONING
| Zoning Code | I2, Middletown (General Industrial District) |
