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71 Madden Dr
Elizabethtown, KY 42701
Simpli Stored Self-Storage · Specialty Property For Sale
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11,550 SF
Investment Highlights
- Listed at a 7.11% current cap rate despite 55% current occupancy
- Average household incomes over $130k in a 1-mile radius
- Minimal ancillary income produced, presenting opportunity to implement revenue streams
- Year 2 cap rate projected at 11.50% and Year 4 at 12.29%
- Below replacement cost offering at $62 per foot at list price
- Recently converted units increasing gross potential income and adding high-demand unit sizes
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
221925, 239410 (KY)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
221925, 239410 (KY)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
| Sale Type | Investment | Building Size | 11,550 SF |
| Cap Rate | 7.11% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1994 |
| Property Subtype | Self-Storage | Parking Ratio | 1.39/1,000 SF |
| Building Class | C | Cross Streets | Bardstown Rd |
| Lot Size | 1.05 AC |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 11,550 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 1.39/1,000 SF |
| Cross Streets | Bardstown Rd |
Amenities
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 243-00-07-021 | Improvements Assessment | $189,000 |
| Land Assessment | $26,200 | Total Assessment | $215,200 |
Property Taxes
Parcel Number
243-00-07-021
Land Assessment
$26,200
Improvements Assessment
$189,000
Total Assessment
$215,200
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