American Mini Storage

921 N Perkins Rd, Stillwater, OK | $2,850,000

Grandstone Investment Sales is pleased to present American Mini Storage, a well- maintained self-storage facility located at 921 N Perkins Road in Stillwater, Oklahoma. The property sits along one of the city’s primary commercial corridors and benefits from strong visibility, easy access, and close proximity to Oklahoma State University and surrounding residential neighborhoods.

The facility consists of approximately 37,750 net rentable square feet across 325 non- climate storage units, including 18 outdoor parking spaces, situated on roughly 2.14 acres. In addition to the storage units, the property includes an on-site managers apartment generating $9,000 of annual revenue.

The property has been well cared for, including recent exterior painting and ongoing maintenance, reflecting pride of ownership. The facility presents as clean, organized, and operationally stable, providing a solid foundation for continued lease-up and rate optimization. With ownership open to — and potentially preferring — seller financing, this offering provides an attractive opportunity for buyers seeking flexibility in structure while acquiring a stabilized asset in a resilient college-driven market.

Stillwater is a true college market, anchored by Oklahoma State University, which drives steady demand throughout the year. Occupancy tends to fluctuate with the academic calendar, with particularly strong leasing activity during the summer months and semester transitions. This seasonal cycle is typical for university markets and creates predictable absorption patterns tied to student move-ins, move-outs, and faculty housing turnover.

INVESTMENT
HIGHLIGHTS

PRICING & VALUATION

  • Price $2,850,000 / $75.50 PRSF
  • Current 5.60% cap rate
    Seller financing available and potentially preferred

PROPERTY OVERVIEW

  • Net rentable square feet: 37,750
  • Total unit count: 325 units with 18 additional outdoor parking spaces
  • On-site apartment

CONDITION & RECENT CAPITAL IMPROVEMENTS

  • Recently painted exterior
  • Well-maintained facility with consistent upkeep
  • Clean presentation and strong curb appeal

DEMAND DRIVERS

  • Seasonal occupancy patterns tied to Oklahoma State University
  • Demonstrated revenue upside through lease-up and rate optimization
  • On-site apartments provide management flexibility or supplemental income

Brian Brockman | Bang Realty Inc | bor@bangrealty.com | License: 177814

862.591.7070 | Meir@Grandstoneis.com

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