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6240 US Hwy 277 54,400 SF Specialty Building Offered at $2,720,000 in Elgin, OK 73538
Investment Highlights
- Mini Storage is a modern 2021-built self-storage facility consisting of 321 units with a strong mix of sizes along US Highway 277 in Elgin, Oklahoma.
- Can be operated with an on-site manager or managed remotely, enhancing operational flexibility for new ownership.
- 54,400 SF on 7.20 acres and is currently 64.8% occupied, presenting a clear value-add opportunity through increased leasing and optimized management.
- Excess land on-site provides additional upside potential for future storage expansion.
Executive Summary
A Mini Storage is a modern self-storage facility built in 2021 and located along US Highway 277 in Elgin, Oklahoma. The property consists of 321 units with a desirable mix of sizes, including 64 units (5’x10’), 73 units (10’x10’), 113 units (20’x10’), and 71 units (30’x10’), serving both residential and commercial demand. Currently owner-managed and approximately 65% occupied, the facility offers a compelling value-add opportunity through increased occupancy, optimized rental rates, and improved on-site and off-site management practices. The property can be operated with an on-site manager or efficiently managed remotely, and excess land provides additional upside through future storage expansion, open parking income, or other monetization strategies.
Property Facts
| Price | $2,720,000 | Building Class | B |
| Price Per SF | $50 | Lot Size | 7.20 AC |
| Sale Type | Investment | Building Size | 54,400 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2021 |
| Zoning | Commercial - Commercial | ||
| Price | $2,720,000 |
| Price Per SF | $50 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 7.20 AC |
| Building Size | 54,400 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | Commercial - Commercial |
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Property Taxes
| Parcel Number | 099977-2530001-00001 | Improvements Assessment | $258,800 |
| Land Assessment | $28,125 | Total Assessment | $286,925 |
Property Taxes
Parcel Number
099977-2530001-00001
Land Assessment
$28,125
Improvements Assessment
$258,800
Total Assessment
$286,925
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6240 US Hwy 277
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