Grandstone Investment Sales is pleased to exclusively present Storage of America, a premier self-storage facility located in Trotwood, Ohio, within the Dayton MSA. The facility comprises 190,365 net rentable square feet, consisting of 789 climate-controlled units and 627 non-climate-controlled drive-up units. Originally a former Target retail center, the property was converted to self-storage in 2018, featuring modern infrastructure and efficient design. Ideally located just six miles from downtown Dayton, the facility offers excellent visibility along Shiloh Springs Road, a key commercial thoroughfare. The original climate-controlled portion of the facility consistently maintains occupancy in the high 90% range. The recent expansion of the non-climate-controlled drive-up units is currently 50% leased at below-market rates, with plans to raise rents to market once occupancy reaches 80%. The property also benefits from strong surrounding demographics, with approximately 43,000 residents within a three-mile radius and 106,000 residents within a five-mile radius.
INVESTMENT
HIGHLIGHTS
• DAYTON MSA SELF STORAGE OFFERING • PRICE TBD BY MARKET • 190,365 NRSF • LARGEST FACILITY IN THE STATE OF OHIO
• 43K PPL IN THE 3 MILE & 106K PPL IN THE 5 MILE • HISTORICAL OVER 90% OCCUPANCY PRIOR TO NCC EXPANSION • 6 MILES FROM DOWNTOWN DAYTON
Broker of record: BRIAN BROCKMAN | Bang Realty Inc | bor@bangrealty.com | License: BRK.2009000214