For Sale
$999,900

915 Hubbard Rd Ponca City, OK 74601

High-return, stabilized self-storage investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional self-storage facility, located at 915 E Hubbard Rd in Ponca City, Oklahoma, presents a compelling investment opportunity. The property boasts 25,200 square feet across two single-story buildings, constructed between 2021 and 2022, and situated on a 3.88-acre lot. Currently operating at 88% occupancy, the facility comprises 40 units, with 20 units measuring 14x40 feet and renting for $200 per month, and another 20 units at 14x50 feet renting for $250 per month. The property features 16-foot ceilings and gravel parking. The asking price is $999,900, representing a price per square foot of $39.68 and a price per unit of $24,997.50. The property's pro-forma NOI is $78,923, yielding a 7.89% cap rate. Conveniently located near Highway 77 North, the property is outside city limits and therefore has no permitted zoning. Electricity is available on-site, and water is accessible across the street. Additional land to the north offers potential for future expansion. Detailed financials are available upon request after signing a confidentiality agreement. This is a Class A, stabilized investment held by an LLC.

Highlights

  • $999,900 asking price for this stabilized Class A self-storage facility.
  • 25,200 square feet with 40 units in two buildings.
  • 7.89% pro-forma cap rate with a $78,923 pro-forma NOI and 88% occupancy.
  • $39.68 price per square foot and $24,997.50 price per unit.
  • Located on a 3.88-acre lot at 915 E Hubbard Rd, Ponca City, OK 74601.
  • Built in 2021-2022 with 16-foot ceilings.

Property Details for 915 Hubbard Rd

Property type
Self storage facilities
Square Feet
25,200 SF
Class
A
Year Built
2021
Buildings
2
Stories
1
Lot Size (sq. ft)
169,013 SF
Units
40

Location Insight

City
Ponca City
County
Kay
State
Oklahoma
Latitude
36.753071039168
Longitude
-97.069904756136

FAQs

What type of property is this?
Self storage facility - High-return, stabilized self-storage investment.
Where is the self storage facility located?
The property is located at 915 Hubbard Rd Ponca City, OK.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: $999,900 asking price for this stabilized Class A self-storage facility.; 25,200 square feet with 40 units in two buildings.; 7.89% pro-forma cap rate with a $78,923 pro-forma NOI and 88% occupancy.
How can I contact the broker?
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915 Hubbard Rd
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