For Sale
$2,300,618

1989 Oil Dr Casper, WY 82604

High-demand Wyoming storage facility

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional self-storage facility in Casper, Wyoming, presents a compelling investment opportunity. Boasting 236 units within a 3.89-acre lot, this 2008-built property enjoys a prime location at 1989 Oil Dr, Casper, WY 82604. Currently operating at 80.25% occupancy, it generates a substantial net operating income (NOI) of $143,435, translating to an attractive 6.23% capitalization rate. The asking price is $2,300,618. Casper's robust economy, fueled by a growing population and expanding commercial sector, ensures consistent demand for storage solutions. The facility's strategic location within Casper, a central Wyoming hub, attracts a diverse clientele from both residential and commercial sectors. The inherent stability of the self-storage industry, characterized by minimal seasonal fluctuations and low maintenance requirements, contributes to a steady income stream and high profit margins. Favorable economic indicators in Casper further solidify this investment's long-term potential. This property offers a rare blend of strong performance, stable cash flow, and significant growth prospects in a thriving market.

Highlights

  • High demand for storage in Casper due to population growth and commercial expansion ensures a strong, growing customer base.
  • Central Casper location provides convenient access for residential and commercial clients throughout the region.
  • Stable, consistent cash flow with minimal seasonal variations.
  • Low operational expenses and high profit margins due to minimal maintenance requirements.
  • Strong local economy supported by positive employment and income indicators fuels sustained storage demand.

Property Details for 1989 Oil Dr

Property type
Self storage facilities
Year Built
2008
Lot Size (sq. ft)
169,448 SF
Units
236

Location Insight

City
Casper
County
Natrona
State
Wyoming
Latitude
42.8740719503
Longitude
-106.42131096451
1989 Oil Dr, Casper, Wyoming

FAQs

What type of property is this?
Self storage facility - High-demand Wyoming storage facility
Where is the self storage facility located?
The property is located at 1989 Oil Dr Casper, WY.
What is the asking price?
The asking price for this property is $2,300,618.
What are key features of this property?
This property features: High demand for storage in Casper due to population growth and commercial expansion ensures a strong, growing customer base.; Central Casper location provides convenient access for residential and commercial clients throughout the region.; Stable, consistent cash flow with minimal seasonal variations.
How can I contact the broker?
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1989 Oil Dr
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