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Investment Highlights
- 9125 Sq.Ft. of climate controlled storage with 78 units
- Commercially zoned ±0.86 acre development parcel capable of supporting approximately 15,000–20,000 Sq.ft. of additional drive-up storage
Executive Summary
Coldwell Banker Kinard Realty Commercial presents an exceptional opportunity to acquire a newly converted self-storage facility with exceptional upside and multiple avenues for future growth. The property features 9,125 square feet of climate-controlled storage with 78 units and gross potential annual rental income exceeding $102,000 at stabilization. Having only recently opened following the conversion, the facility is in the early stages of lease-up, offering a new owner the opportunity to increase occupancy through marketing and professional management. Included is a commercially zoned ±0.860-acre development parcel capable of supporting approximately 15,000–20,000 square feet of additional drive-up storage with minimal site work, plus the opportunity to add approximately 3,200 square feet of modular portable storage around the existing facility for an estimated $90,000 investment. An adjacent ±0.262-acre parcel provides additional Highway 411 frontage, improved visibility, and future expansion potential. This value-add investment combines a virtually new operating facility with immediate lease-up potential and a clear path to phased expansion and long-term revenue growth. With an estimated stabilized gross revenue potential of approximately $335,000 annually through lease-up and phased expansion, PackWell Storage Centers offers investors a modern self-storage asset with substantial built-in upside and a clear roadmap for creating long-term value.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,125 SF
Building Class
C
Year Built
2004
Price
$975,000
Price Per SF
$106.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.86 AC
Zoning
HC
Parking
30 Spaces (3.29 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0057-070 | Improvements Assessment | $70,720 |
| Land Assessment | $34,480 | Total Assessment | $105,200 |
Property Taxes
Parcel Number
0057-070
Land Assessment
$34,480
Improvements Assessment
$70,720
Total Assessment
$105,200
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