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2851 Business Pl SE 28,800 SF Specialty Building Offered at $1,800,000 at a 4.65% Cap Rate in Massillon, OH 44646
Investment Highlights
- Self storage facility cash flowing $84K in 2025 comprised of 148 non-climate and climate units total 27,575 NRSF
- Facility is Manage With A Part Time Site Manager to Support U-Haul Rental Truck Requirements
- Strong Physical Occupancy above 90% with opportunity to achieve higher rent rates
- Property has room to further develop 4 additional buildings or ~56,000 additional NRSF
- Site is Supported w/enclosed Fence and Gate Code for Convenient 24/7 Access
- Located in an affluent, growing, and major commercial arterial
Executive Summary
For Sale: A high-performing self-storage facility located in Massillon, OH. Built in 2021, this well-maintained property features 148 units across two buildings with a diverse unit mix (see unit matrix) including some climate controlled units. The property includes additional acreage for expansion - up to 4 additional buildings providing a unique expansion/development opportunity. The facility is over 90% occupied and has held steady since the second year in business.
Property Facts
| Price | $1,800,000 | Building Class | B |
| Price Per SF | $62.50 | Lot Size | 4.27 AC |
| Sale Type | Investment | Building Size | 28,800 SF |
| Cap Rate | 4.65% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Self-Storage | ||
| Zoning | C - Commercial | ||
| Price | $1,800,000 |
| Price Per SF | $62.50 |
| Sale Type | Investment |
| Cap Rate | 4.65% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 4.27 AC |
| Building Size | 28,800 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | C - Commercial |
Amenities
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 00701554 | Improvements Assessment | $531,200 |
| Land Assessment | $208,320 | Total Assessment | $739,520 |
Property Taxes
Parcel Number
00701554
Land Assessment
$208,320
Improvements Assessment
$531,200
Total Assessment
$739,520
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2851 Business Pl SE
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