Grandstone Investment Sales is pleased to exclusively offer for sale a self-storage portfolio consisting of Logan Street Mini Storage and Store Here Ship There, located in Leavenworth, Kansas. This two property portfolio represents an opportunity for investors to acquire two well-positioned properties with solid cash flow, high occupancy potential, and multiple avenues for value creation.
Built in 2008, Logan Street Mini Storage offers a strong foundation with a current occupancy rate of 77%. With a well-established location and market presence, the property provides upside potential through stabilization and rental rate increases. A strategic focus on increasing occupancy and optimizing rental rates could lead to significant return potential for new ownership. Store Here Ship There currently operates at a 78% occupancy rate and benefits from a balanced unit mix, with 65 climate-controlled units and 106 non-climate-controlled units. The average population within a five-mile radius of both facilities is 45,000 people with an average household income of $91k. Store Here Ship There benefits from 11,800 cars per day off U.S. Route 73 and the Logan Street Mini Storage location is just around the corner from U.S. Route 73.
INVESTMENT
HIGHLIGHTS
- 2 Facilities Located 2.95 Miles Away from Each Other Totaling 24,474 NRSF
- 24 Miles from Kansas City
- Tremendous Upside at Both Facilities Through Management Efficiencies
- Opportunity to Stabilize and Raise Rental Rates
- Combined unit mix 105 Climate Controlled Units and 157 Non Climate Controlled Units
- Avg Household Income within a 5 Mile-Radius of both Facilities is $91k
- Avg Population Living within a 5 Mile-Radius of both Facilities is 45,000 People
- Ancillary Income Through an Authorized UPS Shipping Outlet – Producing an Additional $30k Annually
Broker of record: BRIAN BROCKMAN | Bang Realty – Kansas Inc | Tel: 513.898.1551 | Bor@Bangrealty.com | License #: 239819
