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147 N Pricetown Rd - Secure & Lock Storage - Lake Milton 35,000 SF Specialty Building Offered at $3,649,940 at a 4.25% 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
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PROPERTY TAXES
| Parcel Number | 51-109-0-008.00-0 | Total Assessment | $512,560 (2024) |
| Land Assessment | $111,650 (2024) | Annual Taxes | $24,609 ($0.70/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 ($0.70/SF)
Tax Year
2026
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Klepper Goldner
147 N Pricetown Rd - Secure & Lock Storage - Lake Milton
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