For Sale
$7,200,000

2455 Dryden Rd Moraine, OH 45439

New construction, high-demand location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a newly constructed, state-of-the-art self-storage facility in Moraine, Ohio. Completed in June 2024, the property boasts 80,850 square feet across twelve single-story buildings on a 4.78-acre lot. The facility features 464 units, offering six different sizes to cater to diverse storage needs, including options for boat and RV storage. Secured with a perimeter fence, keypad entry, and security cameras, access is available 24/7. The property benefits from a prime location on Dryden Road, a major commercial corridor, with excellent visibility from I-75 and direct access from a nearby on-ramp. This high-traffic area sees over 11,500 vehicles daily at the intersection of Dryden Road and Arbor Boulevard, and I-75 boasts over 110,000 vehicles daily. The facility is strategically positioned near densely populated residential neighborhoods, the University of Dayton, and numerous businesses, creating a strong and readily available customer base. The asking price is $7,200,000, with a pro-forma NOI of $621,244 and a pro-forma cap rate of 8.63%. This represents a compelling investment in a thriving market with significant upside potential due to the low square footage per capita in the area, indicating high demand. The property is offered fee simple.

Highlights

  • New 80,850 SF, 464-unit self-storage facility completed June 2024. Twelve single-story buildings on a 4.78-acre site with 24/7 access, perimeter fencing, keypad entry, and security cameras. Offers six unit sizes (50-450 SF) and features drive-up access, manager's office, and roll-up doors.
  • Unit mix includes 30 (5x10), 120 (10x10), 96 (10x15), 165 (10x20), 26 (10x30), and 27 (15x30) units; 10x30 and 15x30 units designed for boat/RV storage.
  • Excellent visibility and access at Dryden Rd & Arbor Blvd intersection. 0.25 miles from I-75, 2.2 miles from US Route 35, 3.5 miles from Downtown Dayton, and served by public transportation. Prominent I-75 visibility.
  • Undersupplied market with exceptionally low square footage per capita within 3- and 5-mile radii.
  • 2.6 miles from the University of Dayton (approx. 12,000 students).
  • Strong demographics: Over 54,800 residents within 3 miles ($90,948 avg. household income); over 200,400 residents within 5 miles ($77,776 avg. household income); over 84,700 employees within 5 miles.

Property Details for 2455 Dryden Rd

Property type
Self storage facilities
Square Feet
80,850 SF
Year Built
2024
Buildings
12
Stories
1
Lot Size (sq. ft)
208,217 SF
Units
464

Location Insight

City
Moraine
County
Montgomery
State
Ohio
Latitude
39.7197351
Longitude
-84.2185765

FAQs

What type of property is this?
Self storage facility - New construction, high-demand location.
Where is the self storage facility located?
The property is located at 2455 Dryden Rd Moraine, OH.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: New 80,850 SF, 464-unit self-storage facility completed June 2024. Twelve single-story buildings on a 4.78-acre site with 24/7 access, perimeter fencing, keypad entry, and security cameras. Offers six unit sizes (50-450 SF) and features drive-up access, manager's office, and roll-up doors.; Unit mix includes 30 (5x10), 120 (10x10), 96 (10x15), 165 (10x20), 26 (10x30), and 27 (15x30) units; 10x30 and 15x30 units designed for boat/RV storage.; Excellent visibility and access at Dryden Rd & Arbor Blvd intersection. 0.25 miles from I-75, 2.2 miles from US Route 35, 3.5 miles from Downtown Dayton, and served by public transportation. Prominent I-75 visibility.
How can I contact the broker?
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2455 Dryden Rd
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