Grandstone is pleased to present CubeSmart Self Storage, a recently converted, high-quality facility in the thriving Canton, Ohio market. This modern property boasts 949 climate-controlled units, totaling 107,335 net rentable square feet, and is currently at 32% occupancy, signaling exceptional growth potential. Located within a 5-mile radius of 144,531 residents and benefiting from low property taxes, this investment offers substantial upside through high gross potential rental income, making it an outstanding opportunity for investors.
INVESTMENT
HIGHLIGHTS
CLASS A FACILITY:
Converted in early 2023 and opened in January 2024, totaling 107,335 NRSF with 949 climate-controlled units.
PRIME LOCATION:
Situated next to Tuscarawas St/State Route 172, which experiences over 25,000 vehicles daily, and U.S. Highway 40, with 43,000 vehicles per day. Additionally, it is adjacent to a Supercenter Walmart, one of the top-performing locations in Ohio.
STRONG ECONOMIC DRIVERS:
Canton, OH, features a robust manufacturing and healthcare sector, coupled with significant residential growth that includes several multifamily projects within a 5-mile radius. Moreover, it is strategically located within one of the city’s premier retail centers.
GROWING POPULATION:
The facility serves a population of 65,898 within 3 miles and 144,531 within 5 miles.
Brian Brockman | Bang Realty Inc | bor@bangrealty.com | License: BRK.2009000214
