Brookridge Village Storage

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30410102
Status: Pending
Building Size (RSF): 17,300 SF
Sale Price: $1,100,000
Unit Price: $63.58 PSF
Property Use Type: Investment, Business
Building Name: Brookridge Village Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/28/2020

Overview / Comments

Self-storage investors are extended the opportunity to acquire a 2017 construction, 107 unit facility located in the heart of one of Louisville’s most vibrant residential neighborhoods with immediate adjacency to a dominant retail trade area and I-265, Louisville’s suburban interstate beltway.

Brookridge Village Storage includes six buildings with a strategic unit mix to serve the densely populated Fern Creek neighborhood where over 60,000 people live within a three mile radius of the property. The facility is enclosed by an attractive 10’ concrete block/brick veneer wall, complimenting the neighborhood design while providing maximum security for customers.

A fully completed development, the current occupancy is 30%, providing experienced investors a value-add opportunity to drive rental activity and achieve a stabilized occupancy with some cash-flow in place. The 2.43 acre site is strategically positioned at the signalized intersection of Bardstown Road (US 31) (37,400 VPD) and Brookridge Village Boulevard (4,900 VPD). Kroger and Walmart Supercenter are located directly across Bardstown Road and share access to the signal.

Bardstown Road is a major 5 lane artery that extends from Louisville’s central business district southeastward intersecting with both of Louisville’s major interstate beltways (I-264 and I-265), and Hurstbourne Parkway, Louisville’s major non-interstate beltway.

Fern Creek is a densely populated and continuously growing suburban Louisville neighborhood with excellent housing inventory, acclaimed public schools, and a healthy retail trade area that provides goods and services for the 60,000 people that live within a three mile radius. Centrally positioned in the Louisville, KY MSA, I-265 and Bardstown Road provide access to all of the area’s major employment and amenities. The Fern Creek Trade Area is heavily concentrated to the north of I-265 where Brookridge Village Storage is located.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 350500030000
Zoning: CM - Commercial Manufacturing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,723 67,388 170,420
Median Age: 35.58 37.83 38.21
Households: 2,874 26,343 68,699


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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