Security Self Storage - Lebanon, Ohio

5 Glosser Rd Lebanon, OH 45036

  • 35,350 Square Feet
  • Industrial Commercial-Specialty
  • For Sale

Summary Description

PRICING

  • $3,855,000
  • Cap Rate (2017): 5.94%
  • Cap Rate (forecast): 6.59%

VALUE ADD

  • Projected Year 1 - $47,314 rental increase (increase rates to market)

FEATURES

  • 241 Units
  • 99% Occupied (Self Storage)
  • 35,350 SF (Self Storage)
  • 10,950 SF (Retail)
  • Great Visibility
  • Well Maintained & Secure

HIGH DEMAND - LIMITED COMPETITION

  • Institutional Self Storage Presence
  • Residential Growth

 NEW DEVELOPMENTS COMING SOON

  • Planned Community – Union Village (2.5 Miles to West)
  • Population expected to double
  • 4,500 new homes
  • 109 acre, $15 million sports complex
  • Surrounding Commercial Developments Chrysler-Jeep Auto Dealership (10.38 acres)
  • Ford Auto Dealership (9.94 acres)

Property Status: Existing

Building Size: 35350 Square Feet

Area Available: 35,350 Square Feet

Features:

  • 241 Units
  • 99% Occupied (Self Storage)
  • 35,350 SF (Self Storage)
  • 10,950 SF (Retail)
  • Great Visibility
  • Well Maintained & Secure

Property Experts

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