Ardmore Self Storage Portfolio 2 Specialty Properties Offered at $1,350,000 in Ardmore, OK
INVESTMENT HIGHLIGHTS
- Solid Demographics Highlighted by a Growing Population of 29,343 Residents
- Ardmore is Located in Southern Oklahoma, Five Miles From Lake Murray State Park, a 12,500-Acre Park That Attracts Over 11 Million Visitors Per Year
- Average Household Income of $66,293 Within Five Miles of the Facilities
- The Ardmore MSA is the 10th Largest in the State of Oklahoma and is Home to 48,596 Residents
EXECUTIVE SUMMARY
Heavy value-add self-storage portfolio comprised of two locations totaling 37,708 nrsf of non-climate storage, 1,150 nrsf of office/apartment space, and 15 outdoor parking spaces. The facilities are located less than two miles apart, allowing for management and operational efficiencies.
The Facility at 3336 Commerce Street Sits on Five Acres and Has Ample Room for Future Expansion
Opportunity to Improve Revenue Over Time Through Lease Up, Stabilization, and Implementing the Cap/Ex Improvements Needed to Bring Unrentable Units Back Online
Facilities Are Located Less Than Two Miles Apart, Allowing for Management and Operational Efficiencies
Solid Demographics Highlighted by a Growing Population of 29,343 Residents and an Average Household Income of $66,293 Within Five Miles of the Facilities
Opportunity to Increase Revenue by Steadily Raising Below-Market Rents and Implementing Scheduled Existing Customer Rent Increases
The Facility at 3336 Commerce Street Sits on Five Acres and Has Ample Room for Future Expansion
Opportunity to Improve Revenue Over Time Through Lease Up, Stabilization, and Implementing the Cap/Ex Improvements Needed to Bring Unrentable Units Back Online
Facilities Are Located Less Than Two Miles Apart, Allowing for Management and Operational Efficiencies
Solid Demographics Highlighted by a Growing Population of 29,343 Residents and an Average Household Income of $66,293 Within Five Miles of the Facilities
Opportunity to Increase Revenue by Steadily Raising Below-Market Rents and Implementing Scheduled Existing Customer Rent Increases
PROPERTY FACTS
| Price | $1,350,000 |
| Price / SF | $35.80 / SF |
| Cap Rate | 2.36% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 37,708 SF |
| Total Land Area | 6.19 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Lahoma Boat & Mini Storage
3336 S Commerce St, Ardmore, OK 73401 |
Specialty | 27,332 SF | 1948 | - |
| 937 10th Ave SE, Ardmore, OK 73401 | Specialty | 10,376 SF | 1935 | - |
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