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20295 U.S. 23 - HBC Storage 23 12,000 SF Specialty Building Offered at $750,000 at a 7.18% Cap Rate in Circleville, OH 43113
Investment Highlights
- 124-unit facility located directly on U.S. 23 with traffic counts exceeding 25,000 vehicles per day.
- Built in 2016 with metal construction, gravel drives, gated entry, and security camera coverage.
- Managed with Storable – Easy Storage Solutions for efficient operational control.
- Spanning 5.07 acres, offering room for further onsite development.
- Strong rent comparables highlight significant revenue upside through lease-up and market adjustments.
- Located within a rapidly growing region south of Columbus, enhancing demand fundamentals.
Executive Summary
Charles Hart Self Storage Group is pleased to present HBC Storage 23, a 124-unit facility in Circleville, OH. The property comprises a diverse mix of 5x10, 10x10, 10x15, and 10x20 units, totaling approximately 12,000 rentable square feet. Situated on 5.0 acres, the expansive lot offers ample room to develop additional storage buildings or generate immediate revenue via outdoor parking. Built in 2016, HBC Storage 23 presents an excellent value-add opportunity to acquire a modern asset and capitalize on operational efficiencies.
While the facility maintains an active website presence providing renters with seamless online leasing and unit availability, it has historically operated with little to no marketing. A new owner can immediately drive value by optimizing digital marketing, enhancing signage, and improving overall curb appeal.
Located just south of the metro core, Circleville offers a highly desirable balance of small-town stability and seamless access to Columbus—the fastest-growing metropolitan region in the Midwest. As the historic county seat of Pickaway County, Circleville boasts a growing population of 14,765 in 2026. The city serves as a vital submarket within the expanding Columbus MSA, making it an ideal location for consistent self-storage demand driven by regional economic growth.
While the facility maintains an active website presence providing renters with seamless online leasing and unit availability, it has historically operated with little to no marketing. A new owner can immediately drive value by optimizing digital marketing, enhancing signage, and improving overall curb appeal.
Located just south of the metro core, Circleville offers a highly desirable balance of small-town stability and seamless access to Columbus—the fastest-growing metropolitan region in the Midwest. As the historic county seat of Pickaway County, Circleville boasts a growing population of 14,765 in 2026. The city serves as a vital submarket within the expanding Columbus MSA, making it an ideal location for consistent self-storage demand driven by regional economic growth.
Property Facts
| Price | $750,000 | Building Class | C |
| Price Per SF | $62.50 | Lot Size | 5.07 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 7.18% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2016 |
| Property Subtype | Self-Storage |
| Price | $750,000 |
| Price Per SF | $62.50 |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.07 AC |
| Building Size | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2016 |
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | A02-0-001-00-035-07 | Improvements Assessment | $107,730 |
| Land Assessment | $30,470 | Total Assessment | $138,200 |
Property Taxes
Parcel Number
A02-0-001-00-035-07
Land Assessment
$30,470
Improvements Assessment
$107,730
Total Assessment
$138,200
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20295 U.S. 23 - HBC Storage 23
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