"Big Head Self Storage is a value-add self-storage opportunity located in an IRS defined “Opportunity Zone”. The facility is located in Lawton, Oklahoma just ninety miles from downtown Oklahoma City.
Big Head Self Storage features all concrete driveways, steel framing and metal siding. The property has perimeter fencing a large on-site office. The units are split between two locations on the same street less than 0.1 miles from each other. Security highlights include perimeter fencing, gated keypad access and security cameras. Ample expansion room for new units and outdoor parking is included.
Current occupancy levels are significantly below market averages creating a value-add opportunity for a new owner. The physical occupancy is 65% and the economic occupancy is 60%. Priced at $1,350,000 Big Head Storage is available below replacement cost. The price / NRSF is an attractive $39. The average unit is if 145 square feet for non-climate units and 129 square feet for climate-controlled units. There are a total of 247 single-story units. "
