Brand New, Class A, 100% Climate-Controlled Self-Storage Facility

Industrial for Sale
Catylist Listing ID: 30295025
Property Subtypes: Self Storage
Building Size (RSF): 35,259 SF
Gross Building Area: 48,296 SF
Gross Land Area: 1.21 Acres
Sale Price: $6,800,000
Unit Price: $192.86 PSF
Office SF: 750 SF
Property Use Type: Investment
Building Name: River City Self-Storage
Sale Terms: Cash to Seller
Last Updated: 9/27/2018

Overview / Comments

Thieneman Management Group and Homepage Realty are excited to present this exclusive offering on one of Louisville's first, multi-story, 100% climate-controlled, Class A self-storage facilities. River City Self-Storage facility is located in the east end of Jefferson County, with proximity to the Gene Snyder and is conveniently situated along the Westport Road commercial corridor. The facility is a recent conversion project, built out brand new with Janus International doors and components. The facility has been open for three months and is 19% occupied! The facility features 335 storage units on two floors with 35,259 square feet of net rentable area. There are an additional 10 rentable parking spaces onsite. The facility easy lift access to the second floor, expansive and convenient loading area, ample parking, LED lighting with energy saving motion sensors, state of the art security with video surveillance, and an onsite office and retail store. Income is projected at nearly $20 per square foot at stabilization. Because the area exhibits high demand for storage space, the facility is expected to reach a stabilized occupancy rate in just 12 to 13 months. Don't miss out on your chance to own this Class A, high income producing, brand new storage facility in a fast-growing high end market area. Contact Amanda Helfrich, 502-807-7319, for more information and to schedule a tour today!

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County, KY
Tax ID/APN: 001301860000
Zoning: C-2 - Commercial District
Site Description: The site is rectangular in shape and the topography is relatively level and at road grade.
Area Description: The property is located in northeastern Jefferson County, just west of the Gene Snyder and south of Westport Road. The property has direct access and frontage on Freys Hill Road with some visibility and exposure from Westport Road. Cross access easements are in place allowing additional access from adjacent retail properties. Surrounding land uses include retail or commercial to the north, west and east and residential to the south. E.P. Tom Sawyer Park is located just south of the subject. The Springhurst Shopping Center is located nearly across the street offering major retail centers for the area including Target, Meijer, TJ Maxx, Home Goods. Other retail in area consists of a Home Depot located across the street and a Party City and Pet Smart located right next door. The property has proximity to multiple new and planned apartment developments as well as a new hotel at Westport Road and the Gene Snyder. The Ford Truck Plant is located just east of the subject, which is one of the city's primary employers. The general area supports significant retail and apartment development.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2018
Roof Type: Flat
Parking Type: Surface
Freight Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,856 66,450 159,978
Median Age: 45.12 39.31 41.12
Households: 2,922 27,527 67,192

Contact

Photograph of Listing Agent

Amanda Helfrich

Homepage Realty KCREA Member
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