For Sale
$3,100,000

14326 County House RdAlbion, NY 14411

High-yield self-storage, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional self-storage facility in Albion, NY, presents a compelling value-add investment opportunity. The property boasts 222 units across six existing buildings, totaling 33,000 square feet on a 5.25-acre lot (APN: 342089-84.-1-61.121). Built in 2020, the property offers a current cap rate of 6.51% and a pro-forma cap rate of 8.17%. Approved plans are in place for a significant 20,000 square foot expansion, adding substantial future value. This expansion will include three new buildings, creating additional storage units. The cleared land allows for further expansion possibilities. The property benefits from a modified lease type and multi-tenancy structure. Seller financing is available, making this an attractive acquisition for investors seeking a strong cash-on-cash return (17.68% in year one). The property's location in Albion, part of the Rochester metropolitan area, offers convenient access to major transportation routes and a growing tourism sector. Further upside potential exists through rental rate increases. The asking price is $3,100,000.

Highlights

  • $3,100,000 asking price for a value-add self-storage facility with redevelopment/expansion potential.
  • Seller financing available, offering a 17.68% cash-on-cash return in year one and a pro-forma cap rate of 8.17%.
  • Approved plans for a 20,000 square foot expansion adding approximately 133 units to the existing 222 units across six buildings.
  • Significant upside potential through rental increases and additional revenue streams.
  • 33,000 square foot facility on a 5.25-acre lot with room for three new buildings, totaling 53,000 square feet and 355 units upon completion.

Property Details for 14326 County House Rd

Property type
Self storage facilities
Square Feet
33,000 SF
Year Built
2020
Buildings
6
Stories
1
Lot Size (sq. ft)
228,690 SF
Units
222

Location Insight

City
Albion
County
Orleans
State
New York
Latitude
43.21897039
Longitude
-78.19738828
14326 County House Rd, Albion, New York

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14326 County House Rd
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