82 Wall St | Shelby, OH 44875
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- LoopNet Team
82 Wall St
Shelby, OH 44875
Call for offers: Close of business 12/22 · Specialty Property For Sale
·
24,698 SF
INVESTMENT HIGHLIGHTS
- 23k NRSF, of which 7,800 feet is warehouse space that is a prime conversion candidate (earning $0.18/SF monthly, could improve to $1.25/SF)
- Upside in expansion…or room for additional income via Uhaul rental, outdoor storage, etc.
- Low Saturation – According to StorTrack and Radius+, respectively, the five mile saturation is 5.69 SF/Capita or 7.6 SF/Capita.
- After $171,600 to convert the warehouse space, the total price would be $1.8MM, which is an 8.56% cap rate.
- Upside in rent increases. Wall Street Storage Unit Rentals’ rents are currently 26.9% below the competition.
- Consistently full and has a waiting list for all unit types. Seller will entertain Seller-Financing, but must have at least $600k at close.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 24,698 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1960/2015 |
| Lot Size | 1.77 AC | Parking Ratio | 0.61/1,000 SF |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.77 AC |
| Building Size | 24,698 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2015 |
| Parking Ratio | 0.61/1,000 SF |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $83,800 | |
| Land Assessment | $29,690 | Total Assessment | $113,490 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$29,690
Improvements Assessment
$83,800
Total Assessment
$113,490
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