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Portland Storage Units 1 Specialty Properties Offered at $2,300,000 in Portland, IN
Executive Summary
- Value-Add Self Storage Facilities Offered at Below Replacement Cost and Comprised of 383 Non-Climate Units Totaling 44,180 Net Rentable Square Feet
- Very Limited Competition in the Immediate Trade Area With Only Two Other Self Storage Facilities in the Market
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Low Saturation Rate of 6.5 SF/Capita for Self Storage Within Five Miles of the Pearl Street Location
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Remote Management With Management Software Already and Local Employee Already in Place
- Recent Capital Improvements Include Numerous Door Repairs, Partition Repairs, Roof Maintenance, and Partial Paving of the Facilities
- Portland is Located in Eastern Indiana Approximately 75 Miles Northeast of Indianapolis and is the County Seat of Jay County Which is Home to 20,354 Residents
- Very Limited Competition in the Immediate Trade Area With Only Two Other Self Storage Facilities in the Market
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Low Saturation Rate of 6.5 SF/Capita for Self Storage Within Five Miles of the Pearl Street Location
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales
- Facility is an Excellent Candidate for Remote Management With Management Software Already and Local Employee Already in Place
- Recent Capital Improvements Include Numerous Door Repairs, Partition Repairs, Roof Maintenance, and Partial Paving of the Facilities
- Portland is Located in Eastern Indiana Approximately 75 Miles Northeast of Indianapolis and is the County Seat of Jay County Which is Home to 20,354 Residents
Property Facts
| Price | $2,300,000 | Number of Properties | 2 |
| Price / SF | $67.29 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 34,180 SF |
| Status | Active | Total Land Area | 2.29 AC |
| Price | $2,300,000 |
| Price / SF | $67.29 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 34,180 SF |
| Total Land Area | 2.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 217 E Pearl St, Portland, IN 47371 | Specialty | 34,180 SF | 1985 | - |
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Portland Storage Units
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