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9518 S 120th St - MORE SPACE STORAGE 35,446 SF Specialty Building Offered at $7,250,000 at a 6.30% Cap Rate in La Vista, NE 68128
Investment Highlights
- ?New Construction Quality, No Near-Term CapEx Risk
- Proven Demand in a High-Growth Submarket
- Competitive Positioning in a Fragmented Market
- 90%+ Occupied — Revenue Upside is Rate-Driven, Not Speculative
- Quantifiable Near-Term NOI Expansion
- Straightforward Acquisition with Clean Ownership Structure
Executive Summary
PROPERTY WEBSITE:
https://morespacestoragenebraska.netlify.app
More Space Storage is a 416-unit, 96,810-square-foot self-storage facility in Papillion, Nebraska, currently 90% occupied and offered at a 6.3% cap rate.? Built in 2020 and 2023, it is one of the newest and best-positioned assets in the Omaha MSA.? Property features climate-controlled units, enclosed drive-up garages, secured outdoor parking, digital surveillance, and 24/7 tenant access.? The facility is locally built and operated, operationally clean, and primed for immediate upside through straightforward rate optimization.? No deferred maintenance.? No partnership complexity.? Just a modern, well-occupied asset in one of the fastest-growing submarkets in the region.?
More Space Storage is located on South 120th Street in Papillion, Nebraska, between Cornhusker Road and Giles Road — positioned along one of the primary north-south arterials connecting Papillion to the greater Omaha metropolitan area.? The surrounding Highway 370 corridor is one of the most active growth corridors in the MSA, with significant new residential, retail, and commercial development underway, bringing new rooftops and rising household incomes directly to the facility's trade area.?
https://morespacestoragenebraska.netlify.app
More Space Storage is a 416-unit, 96,810-square-foot self-storage facility in Papillion, Nebraska, currently 90% occupied and offered at a 6.3% cap rate.? Built in 2020 and 2023, it is one of the newest and best-positioned assets in the Omaha MSA.? Property features climate-controlled units, enclosed drive-up garages, secured outdoor parking, digital surveillance, and 24/7 tenant access.? The facility is locally built and operated, operationally clean, and primed for immediate upside through straightforward rate optimization.? No deferred maintenance.? No partnership complexity.? Just a modern, well-occupied asset in one of the fastest-growing submarkets in the region.?
More Space Storage is located on South 120th Street in Papillion, Nebraska, between Cornhusker Road and Giles Road — positioned along one of the primary north-south arterials connecting Papillion to the greater Omaha metropolitan area.? The surrounding Highway 370 corridor is one of the most active growth corridors in the MSA, with significant new residential, retail, and commercial development underway, bringing new rooftops and rising household incomes directly to the facility's trade area.?
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Property Facts
| Price | $7,250,000 | Building Class | B |
| Price Per SF | $74.89 | Lot Size | 8.05 AC |
| Sale Type | Investment | Building Size | 96,810 SF |
| Cap Rate | 6.30% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2020/2023 |
| Property Subtype | Self-Storage | ||
| Zoning | LI | ||
| Price | $7,250,000 |
| Price Per SF | $74.89 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 8.05 AC |
| Building Size | 96,810 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2023 |
| Zoning | LI |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 011602679 | Improvements Assessment | $1,202,099 |
| Land Assessment | $447,399 | Total Assessment | $1,649,498 |
Property Taxes
Parcel Number
011602679
Land Assessment
$447,399
Improvements Assessment
$1,202,099
Total Assessment
$1,649,498
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9518 S 120th St - MORE SPACE STORAGE