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640 Garfield ave - LakeSide Storage 23,900 SF Specialty Building Offered at $750,000 in Sterling, KS 67579
INVESTMENT HIGHLIGHTS
- 15,500 RSF drive-up storage plus 8,400 SF parking
- Value-add opportunity with lease-up and expansion
- Partial property tax rebate under Neighborhood Revitalization Program (NRP)
- 2.65 -acre site with room for expansion
- Only fenced and gated facility in the area
EXECUTIVE SUMMARY
LakeSide Storage presents a great opportunity to acquire the newest and cleanest self-storage facility in Sterling, Kansas. Currently in its lease-up stage, the property offers significant upside potential for an experienced operator seeking to grow occupancy and revenue in a stable market with increasing demand.
The facility is located in the heart of Kansas and sits less than 0.25 miles from KMW Ltd.’s Corporate Headquarters. In April 2024, KMW—a precision agricultural equipment manufacturer—announced a $105 million investment to build a new North American headquarters and state-of-the-art production plant on 151 acres north of Sterling. This expansion is projected to add 251 new jobs, nearly doubling their local workforce to around 485 employees.
It is also located just 2 miles from Sterling College, a private four-year institution with 730+ students and immediate proximity to Cottonwood Lake and Sterling Lake, driving recreational storage demand. With the property still in a lease-up stage, combined with the additional room for expansion, this is a great value-add opportunity for the experienced self-storage investor.
The facility is located in the heart of Kansas and sits less than 0.25 miles from KMW Ltd.’s Corporate Headquarters. In April 2024, KMW—a precision agricultural equipment manufacturer—announced a $105 million investment to build a new North American headquarters and state-of-the-art production plant on 151 acres north of Sterling. This expansion is projected to add 251 new jobs, nearly doubling their local workforce to around 485 employees.
It is also located just 2 miles from Sterling College, a private four-year institution with 730+ students and immediate proximity to Cottonwood Lake and Sterling Lake, driving recreational storage demand. With the property still in a lease-up stage, combined with the additional room for expansion, this is a great value-add opportunity for the experienced self-storage investor.
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per SF | $31.38 | Lot Size | 2.65 AC |
| Sale Type | Investment | Building Size | 23,900 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2022 |
| Price | $750,000 |
| Price Per SF | $31.38 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 23,900 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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PROPERTY TAXES
| Parcel Number | 184-20-0-00-00-005.00-0 | Improvements Assessment | $193,658 |
| Land Assessment | $5,750 | Total Assessment | $199,408 |
PROPERTY TAXES
Parcel Number
184-20-0-00-00-005.00-0
Land Assessment
$5,750
Improvements Assessment
$193,658
Total Assessment
$199,408
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640 Garfield ave - LakeSide Storage
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