Tri-Village Self Storage Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30745016
Property Subtypes: Mixed Use, Self Storage
Building Size (RSF): 25,325 SF
Gross Building Area: See Agent
Sale Price: $3,664,000
Unit Price: $144.68 PSF
Property Use Type: Investment
Building Name: Tri-Village Self Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2021

Overview / Comments

We are pleased to offer the Tri-Village Self Storage facility for sale. This is an incredible opportunity to acquire a 241-unit self storage facility in the heart of Louisville, KY. The property was converted from office to 100% climate controlled self storage in 2019. This is an amazing value-add investment an investor can capitalize on through efficient operations and management of the property.

HIGHLIGHTS:
241-Unit Self Storage Facility in Louisville, KY
Value-add opportunity through continued lease up and management efficiencies
Converted from Office to Self-Storage in 2019
Located in the desirable Highlands area of Louisville
Dense residential and local business area

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 021E00810000
Zoning: C-2 - Commercial District
Area Description: Tri-Village Self Storage is located in the Highlands of Louisville, KY -- one of the most desirable areas that is known for its nightlife, dining, and shopping. This facility is strategically located on Broadway with a multitude of single-family residential, apartment communities, and local businesses nearby.
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Excellent
Year Built: 1940
Year Renovated: 2016

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,011 131,540 321,238
Median Age: 34.38 36.54 37.41
Households: 9,461 59,761 139,780
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