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Iron Storage Portfolio 2 Specialty Properties Offered at $1,750,000 in Holdenville, OK
Executive Summary
-Cash-flowing self-storage facilities comprised of 184 non-climate units totaling 27,300 NRSF, 17 outdoor parking rentals with utility hookups, and one 1,650 sf retail space.
-The Covey Road location is comprised of 119 non-climate units totaling 17,700 NRSF and the Broadway of America location is comprised of 65 non-climate units totaling 9,600 NRSF.
-There are 6.22 acres included between the two locations, offering ample room for future expansion.
-Opportunity to increase revenue through maximizing fee income and the implementation of existing customer rent increases.
-Limited competition in the immediate trade area evidenced by a market saturation rate of 6.4 sf/capita within five miles of the properties.
-Facilities are excellent candidates for remote management with an automatic gate, keypad entry, and management software already in place.
-Recent renovations include a DoorKing Gate System at the Covey Rd location and brand-new security cameras at both locations.
-Holdenville, Oklahoma, is located approximately 65 miles Southeast of Oklahoma City and is home to 5,916 residents
-The Covey Road location is comprised of 119 non-climate units totaling 17,700 NRSF and the Broadway of America location is comprised of 65 non-climate units totaling 9,600 NRSF.
-There are 6.22 acres included between the two locations, offering ample room for future expansion.
-Opportunity to increase revenue through maximizing fee income and the implementation of existing customer rent increases.
-Limited competition in the immediate trade area evidenced by a market saturation rate of 6.4 sf/capita within five miles of the properties.
-Facilities are excellent candidates for remote management with an automatic gate, keypad entry, and management software already in place.
-Recent renovations include a DoorKing Gate System at the Covey Rd location and brand-new security cameras at both locations.
-Holdenville, Oklahoma, is located approximately 65 miles Southeast of Oklahoma City and is home to 5,916 residents
Property Facts
| Price | $1,750,000 | Number of Properties | 2 |
| Price / SF | $64.10 / SF | Individually For Sale | 0 |
| Cap Rate | 7.54% | Total Building Size | 27,300 SF |
| Sale Type | Investment | Total Land Area | 5.23 AC |
| Status | Active |
| Price | $1,750,000 |
| Price / SF | $64.10 / SF |
| Cap Rate | 7.54% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 27,300 SF |
| Total Land Area | 5.23 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 401 Covey Rd, Holdenville, OK 74848 | Specialty | 17,700 SF | 2000 | - |
| 130 Broadway of America, Holdenville, OK 74848 | Specialty | 9,600 SF | 2000 | - |
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Contacts
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Justin Clark -
Frank DeSalvo -
Josh Snead -
David Perlleshi -
Darron Kattan -
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