Grandstone Investment Sales is excited to offer the Anderson Lock Up facility, strategically located in Anderson, IN. This property boasts 246 non-climate controlled units and is situated in an area with strong demographic support, including a population of 42,000 within a 3-mile radius and 68,000 within 5 miles. Its prime visibility along W 38th Street enhances its appeal.
Currently owned and remotely managed by a mom & pop operater, Anderson Lock Up presents a unique opportunity for investors. The potential for growth includes taking direct management control, adjusting the currently below-market rental rates, and introducing additional ancillary revenue streams such as tenant insurance and possibly truck rentals. Moreover, the property includes over 2 acres of additional land, offering ample room for expansion.
The facility has historically maintained high occupancy rates and consistent cash flow. However, there is significant room for a savvy investor to further enhance its value and profitability.
INVESTMENT
HIGHLIGHTS
• Strategic Location: Situated in Anderson, IN, with excellent visibility
along W 38th Street and strong demographics: 42,000 people within a
3-mile radius and 68,000 within 5 miles.
• Value-Add Potential: Opportunity to increase revenue by managing
the facility directly, adjusting below-market rental rates, and introducing ancillary income streams such as tenant insurance and truck rentals.
• Expansion Possibilities: Comes with over 2 acres of additional
land, providing significant potential for facility expansion to meet
growing demand.
• Historical Performance: The facility has consistently maintained
high occupancy rates and steady cash flow, indicating a stable
investment.
• Untapped Potential: Currently owned and remotely managed by a
local family, presenting a unique chance for investors to enhance
operational efficiencies and capitalize on the untapped potential for
growth.
Broker of record: BRIAN BROCKMAN | Bang Realty-Indiana Inc | bor@bangrealty.com | License: RB14037939
