Secured Mini Storage Real Estate and Business For Sale

Industrial for Sale
Catylist Listing ID: 30827438
Property Subtypes: Self Storage
Building Size (RSF): 25,932 SF
Gross Building Area: See Agent
Gross Land Area: 4.55 Acres
Sale Price: $2,050,000
Unit Price: $79.05 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Secured Mini-Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/2/2023

Overview / Comments

*** Call for Offers ***
We've had tremendous attention to this property and the owners are requesting a Call for Offers from our long list of interested parties. The offers must be received either in person or electronically by 5 pm on Friday, February 3rd. We are also hosting a preview or open house at the property from noon - 2 pm on Thursday, January 26th. Here's more on this opportunity.

** Property resides in 1 of 2 Bullitt County Opportunity Zones **

Tremendous buying opportunity for a 98% occupied mini-storage business in Bullitt County, Brooks, Kentucky. Secured Mini-Storage consists of 122 self-storage units, 28 open and RV parking spaces, and office. That totals 25,932 square feet of gross building area on 4.55 acres zoned IG (General Industrial District).

The office trailer and company computer system is in the beginning of an approximately $25,000+ overhaul. Plus the gate is getting a new gate motor and keypad. The property is not completely automated yet, but with the new computer system, it is well on its way.

Here is a breakdown of the maximum number of units and their sizes.
5x10 = 32
5x15 = 2
10x10 = 36
10x15 = 34
10x20 = 32
10x30 = 13
10x40 = 6
20x40 = 1
Total: 156

Here is the breakdown of actual units and their sizes:
5x10 = 15
5x15 = 1
10x10 = 29
10x15 = 34
10x20 = 30
10x30 = 8
10x40 = 2
20x20 = 1
120/122 or 98.3%

RV/Lot Spaces
Trailer/Car/RV/Boat = 11
11/28 or 39.3%

Profit and Loss statements can be made available upon request with a signed confidentiality agreement.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Bullitt
Taxing Authority: Bullitt County
Tax ID/APN: 034-SE0-16-029
Zoning: IG - General and Extractive Industrial
Property Located Between: Coral Ridge Road and Brooks Hill Road
Highway Access: Less than 1 mile to I-65
Airports: Louisville Muhammad Ali International Airport (SDF)
Area Description: Property is just 25 minutes from Louisville and Elizabethtown KY. Shepherdsville is home to several massive industrial buildings which house businesses such as: Amazon, Keen Distribution, ABSG, and more.
Property Condition: Good
Year Built: 1998
Construction/Siding: Aluminum Siding
Sprinklers: None
Zoning Description: IG (General Industrial District)
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,247 29,135 97,007
Median Age: 38.66 37.94 37.21
Households: 1,625 11,001 37,198
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