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28 Herrold Ave - GET STORAGE PORTFOLIO

13,093 SF Specialty Building Offered at $1,240,000 at a 7.20% Cap Rate in Athens, OH 45701

Self Storage Facilities Ohio Athens 28 Herrold Ave, Athens, OH 45701

Investment Highlights

  • Significantly below market rents, with 20% – 40% upside remaining to increase rents to market
  • Solid surrounding population with over 32,000 people living in a 3-mile radius
  • Opportunity to improve both physical and economic occupancy to increase revenue and push value
  • Very favorable supply levels – less than 8.5 square feet per capita in a 3-mile radius, and only 6.6 square feet per capita in a 5-mile radius
  • Extremely profitable U-Haul truck rental business with $42k+ commissions per year
  • Athens is home to Ohio University – which currently has over 28,000 students

Executive Summary

Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

Property Facts

Price $1,240,000 Building Class C
Price Per SF $95 Lot Size 2.32 AC
Sale Type Investment Building Size 13,093 SF
Cap Rate 7.20% No. Stories 1
Property Type Specialty Year Built/Renovated 1998/2006
Property Subtype Self-Storage
Price $1,240,000
Price Per SF $95
Sale Type Investment
Cap Rate 7.20%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 2.32 AC
Building Size 13,093 SF
No. Stories 1
Year Built/Renovated 1998/2006

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Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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PROPERTY TAXES

Parcel Number A02-80100020-07 Improvements Assessment $60,850
Land Assessment $56,530 Total Assessment $117,380

PROPERTY TAXES

Parcel Number
A02-80100020-07
Land Assessment
$56,530
Improvements Assessment
$60,850
Total Assessment
$117,380
(412) 286-1984

Contacts

  • Listing ID: 34213026

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 28 Herrold Ave, Athens, OH 45701

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28 Herrold Ave - GET STORAGE PORTFOLIO
(412) 286-1984 x

28 Herrold Ave - GET STORAGE PORTFOLIO

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Jack Connelly

(412) 286-1984

(412) 286-1984

Austin McLeod

(404) 445-1093

(404) 445-1093

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