Self Storage With Expansion Upside

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30705895
Property Subtypes: Flex Space, Free-Standing, Self Storage, Other
Status: Pending/Contingent
Building Size (RSF): 13,000 SF
Gross Land Area: 6 Acres
Sale Price: $750,000
Unit Price: $57.69 PSF
Property Use Type: Investment
Building Name: B&B Self Storage
Usable Size (USF): 13,000 SF
Sale Terms: Cash to Seller
Cap Rate: 8.64%
Average Occupancy Rate: 97
Last Updated: 2/18/2021

Overview / Comments

The Land Store, Inc. is pleased to present the following 95-unit self-storage facility located in Radcliff, Kentucky.

B&B Self Storage (the subject property), with its well-established track record, offers an investor the opportunity to acquire a stabilized, profitable self-storage asset, with approximately 4+/- acres of additional ground appropriately zoned and approved for an additional 100+/- unit expansion.

The subject property is located at 1625 North Logsdon Parkway in Radcliff, Kentucky, and consists of approximately 13,000 +/- square feet of rentable space, comprised of 3 buildings on a 6.0+/- acre lot.

This well maintained, ascetically pleasing property has been meeting the surrounding market's self-storage needs since its construction in 2007

Financials

Finance Data Year 2020
Potential Rental Income $80,940 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Tax ID/APN: 138-20-01-010
Zoning: COMMERCIAL
Highway Access: North Logsdon Parkway
Site Description: 6.00 +/- acre site, with 4.00 +/- acres of additional ground, approved for 100+/- unit expansion
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 2007
Roof Type: Arched
Construction/Siding: Block
Exterior Description: Concrete Block siding with metal roof
Parking Type: Structure
Parking Description: Gravel Parking
Column Spacing: NA
Heat Type: Electricity, Natural Gas
Zoning Description: Commercial
Lot Frontage: 1,200
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Parcel Number: 138-20-01-013 Description: Radcliff Industrial Park Lot 01A # B Deed Book/Deed Page: 1248-565

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,920 25,633 39,035
Median Age: 34.83 31.34 31.44
Households: 1,898 9,392 13,766

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