450 Industrial Park Dr | Shelbyville, IN 46176
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450 Industrial Park Dr
Shelbyville, IN 46176
Shelbyville Storage · Specialty Property For Sale
·
17,200 SF
INVESTMENT HIGHLIGHTS
- Value-Add Self Storage Facility Featuring 110 Non-Climate Units Totaling 17,200 Net Rentable Square Feet
- Facility is 93.64% Physically Occupied, but Only 69.71% Economically Occupied, Allowing for Significant Upside Through Stabilization
- Facility Offers Strong In-Place Street Rates That Are Supported By Institutional Competitor in the Market
- Facility is Configured for Remote Management Allowing for a Seamless Transition to New Ownership
- Opportunity to Increase Revenue Through Steady Rent Increases to the Existing Tenant Base and Maximizing Ancillary & Tenant Insurance Income Streams
- Shelbyville is Located Just 25 Miles Southeast of Indianapolis and is Home to 20,100 Residents
PROPERTY FACTS
| Property Type | Specialty | Building Size | 17,200 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1990 |
| Lot Size | 1.00 AC | ||
| Zoning | IG | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 17,200 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Zoning | IG |
PROPERTY TAXES
| Parcel Number | 73-07-30-400-013.000-002 | Improvements Assessment | $454,300 |
| Land Assessment | $99,500 | Total Assessment | $553,800 |
PROPERTY TAXES
Parcel Number
73-07-30-400-013.000-002
Land Assessment
$99,500
Improvements Assessment
$454,300
Total Assessment
$553,800
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