Log In/Sign Up
Your email has been sent.
147 N Pricetown Rd - Secure & Lock Storage - Lake Milton 35,000 SF Specialty Building Offered at $3,649,940 at a 5% Cap Rate in Diamond, OH 44412
Investment Highlights
- Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going.
- Performance: Monthly revenue average is $13,500 (NOI at $7,840) and growing by 12-15% each month. 35% rate increase scheduled for March 2026.
- Automated, Auto-pay, No Cash: All customers billed by card, on auto-pay contracts. All move-ins are completed by customer online. No on-site mgmt.
- Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - heavily trafficked section of highway.
- Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage.
Executive Summary
Investment Highlights:
Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going with both rates and occupancy.
Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - one of the most heavily trafficked sections of highway in the Country.
Performance: Monthly revenue average is currently $13,500 (NOI at $7,840) and growing by 12-15% each month. Rates were kept low during facility build-out and are now scheduled to increase by 30-35% (March 2026).
Growth Market: Facility net income continues to grow by 15% as both rates and occupancy increases. Rates were kept low during the build-out period and are now scheduled to increase by 30-35% (March 2026).
Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage systems. This facility requires virtually zero maintenance.
Automated, Auto-pay, No Cash: Facility is totally automated and all customers are billed by card, on auto-pay contracts. All move-ins are completed by the customer online, and there is very little on-site management required. Site is completely turn-key, with 3 additional acres for future development.
*NOI is Projected 2026, brand name and likeness is not being transferred
Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going with both rates and occupancy.
Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - one of the most heavily trafficked sections of highway in the Country.
Performance: Monthly revenue average is currently $13,500 (NOI at $7,840) and growing by 12-15% each month. Rates were kept low during facility build-out and are now scheduled to increase by 30-35% (March 2026).
Growth Market: Facility net income continues to grow by 15% as both rates and occupancy increases. Rates were kept low during the build-out period and are now scheduled to increase by 30-35% (March 2026).
Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage systems. This facility requires virtually zero maintenance.
Automated, Auto-pay, No Cash: Facility is totally automated and all customers are billed by card, on auto-pay contracts. All move-ins are completed by the customer online, and there is very little on-site management required. Site is completely turn-key, with 3 additional acres for future development.
*NOI is Projected 2026, brand name and likeness is not being transferred
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$214,000
|
$6.11
|
| Other Income |
$13,200
|
$0.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$227,200
|
$6.49
|
| Taxes |
$24,609
|
$0.70
|
| Operating Expenses |
$47,391
|
$1.35
|
| Total Expenses |
$72,000
|
$2.06
|
| Net Operating Income |
$155,200
|
$4.43
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $214,000 |
| Annual Per SF | $6.11 |
| Other Income | |
|---|---|
| Annual | $13,200 |
| Annual Per SF | $0.38 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $227,200 |
| Annual Per SF | $6.49 |
| Taxes | |
|---|---|
| Annual | $24,609 |
| Annual Per SF | $0.70 |
| Operating Expenses | |
|---|---|
| Annual | $47,391 |
| Annual Per SF | $1.35 |
| Total Expenses | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $2.06 |
| Net Operating Income | |
|---|---|
| Annual | $155,200 |
| Annual Per SF | $4.43 |
Property Facts
Amenities
- Controlled Access
- Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
1 1
Property Taxes
| Parcel Number | 51-109-0-008.00-0 | Total Assessment | $512,560 (2024) |
| Land Assessment | $111,650 (2024) | Annual Taxes | $24,609 ($0.55/SF) |
| Improvements Assessment | $400,910 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
51-109-0-008.00-0
Land Assessment
$111,650 (2024)
Improvements Assessment
$400,910 (2024)
Total Assessment
$512,560 (2024)
Annual Taxes
$24,609 ($0.55/SF)
Tax Year
2026
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Klepper Goldner
147 N Pricetown Rd - Secure & Lock Storage - Lake Milton
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.