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622 N Trimble Rd - Premier Storage - Mansfield 15,470 SF Specialty Building Offered at $2,332,000 at a 7.06% Cap Rate in Mansfield, OH 44906
Executive Summary
- Cash-Flowing Self Storage Facility Comprised of 184 Non-Climate Units Totaling 24,900 NRSF, Two Commercial Spaces Totaling 960 NRSF, and 14 Outdoor Parking Rentals
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 6.5 SF/Capita for Self Storage Within Five Miles of the Property
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Strong Population Numbers of 41,319 Residents Within Three Miles of the Property and 70,769 Residents Within Five Miles of the Property
- Mansfield is Located in Northern Ohio Approximately 65 Miles Southwest of Cleveland and is Home to 47,593 Residents
- The Mansfield MSA is the 10th Largest in the State of Ohio and is Home to 125,064 Residents
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 6.5 SF/Capita for Self Storage Within Five Miles of the Property
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Strong Population Numbers of 41,319 Residents Within Three Miles of the Property and 70,769 Residents Within Five Miles of the Property
- Mansfield is Located in Northern Ohio Approximately 65 Miles Southwest of Cleveland and is Home to 47,593 Residents
- The Mansfield MSA is the 10th Largest in the State of Ohio and is Home to 125,064 Residents
Property Facts Under Contract
| Price | $2,332,000 | Building Class | C |
| Price Per SF | $150.74 | Lot Size | 2.41 AC |
| Sale Type | Investment | Building Size | 15,470 SF |
| Cap Rate | 7.06% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2001 |
| Property Subtype | Self-Storage | Parking Ratio | 0.65/1,000 SF |
| Price | $2,332,000 |
| Price Per SF | $150.74 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 15,470 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 0.65/1,000 SF |
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Property Taxes
| Parcel Number | 027-04-135-18-000 | Improvements Assessment | $81,900 |
| Land Assessment | $126,620 | Total Assessment | $208,520 |
Property Taxes
Parcel Number
027-04-135-18-000
Land Assessment
$126,620
Improvements Assessment
$81,900
Total Assessment
$208,520
Contacts
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David Perlleshi -
Frank DeSalvo -
Justin Clark -
Josh Snead -
Joel Dumes -
Franklin Street
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622 N Trimble Rd - Premier Storage - Mansfield
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