For Sale
$1,300,000

406 Cox Ferry Rd Salem, IN 47167

140 Units, High Occupancy, Great ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional self-storage facility in Salem, Indiana presents a compelling investment opportunity. Priced at $1,300,000, this property boasts 140 units across four buildings constructed between 2018 and 2021, totaling 22,160 square feet on a 2-acre lot. The facility offers a diverse range of unit sizes, encompassing 10 different configurations. Currently enjoying 98% occupancy, this property presents significant value-add potential due to below-market rental rates. Modern amenities include new online signup and unit management software, enhanced by a convenient QR code system for streamlined tenant access. Detailed building sizes and unit configurations are available upon request. Financial records indicate a price per square foot of $58.66 and a price per unit of $9,285.71. This well-maintained complex is situated at 406 Cox Ferry Rd, Salem, IN 47167, offering a strong foundation for immediate income generation and future growth. The property's location in Washington County, Indiana provides easy access to local amenities and a growing market. This is a rare chance to acquire a thriving self-storage business with substantial upside potential.

Highlights

  • $1,300,000 asking price for a Salem, Indiana self-storage facility.
  • 140 units in four buildings (22,160 sq ft) on a 2-acre lot, built 2018-2021.
  • 98% occupancy with below-market rents, offering value-add potential.
  • Modern amenities include online signup and QR code access.
  • Located at 406 Cox Ferry Rd, Salem, IN 47167.

Property Details for 406 Cox Ferry Rd

Property type
Self storage facilities
Square Feet
22,160 SF
Units
140

Location Insight

City
Salem
County
Washington
State
Indiana
Latitude
38.6104272
Longitude
-86.1170882

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FAQs

What type of property is this?
Self storage facility - 140 Units, High Occupancy, Great ROI
Where is the self storage facility located?
The property is located at 406 Cox Ferry Rd Salem, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: $1,300,000 asking price for a Salem, Indiana self-storage facility.; 140 units in four buildings (22,160 sq ft) on a 2-acre lot, built 2018-2021.; 98% occupancy with below-market rents, offering value-add potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Brian Haeseley
Brian Haeseley
Visit Broker Website

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Cox Ferry Rd
Salem, IN 47167

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Cox Ferry Rd
Salem, IN 47167

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

406 Cox Ferry Rd
  • Brian Haeseley
    Brian Haeseley
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