RightSpace Storage - Elyria, OH

821 Cleveland Street Elyria, OH

  • 50,700 Square Feet
  • Industrial Commercial-Specialty
  • For Sale

Summary Description

The Opportunity

The Self Storage Group of Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Right Space Storage at Certificate of Occupancy. This 507 unit self-storage facility is located at 821 Cleveland St in the town of Elyria, Ohio. The project is located adjacent to a new Big Lots and an existing Dollar Tree.

Right Space Storage is a single story conversion of a former shopping center. Sitting on approximately 7.28 acres, this facility will offer tenants 50,700 rentable square  feet, ranging  in unit sizes from 5’x 5’ to 10’x 30’. This asset is scheduled to open in April 2018, just in time for the prime leasing season.

With excellent visibility from the intersection of Cleveland  Street and US 20, Right Space Storage will service this under- supplied submarket  which  currently  only offers approximately 1.99 SF per person within 3 miles  (2.83  SF  per  person  including the subject space). The 3-mile radius has 27,256 housing units, of which 29.8% are renter-occupied units. The average household income within a three mile radius is $64,803.

Right Space Storage will offer its tenants numerous amenities, including a covered unloading area with key code access, spacious management office, numerous 24-hour video surveillance cameras, full perimeter fence and security lighting throughout.

The buyer of Right Space Storage will benefit from the  facility’s strategic location at a highly visible interchange and the low square feet per capita within the trade area.

Property Status: Self Storage - Certificate of Occupancy

Building Size: 50700 Square Feet

Area Available: 50,700 Square Feet

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