For Sale
$650,000

555 Poe RdNorth Baltimore, OH 45872

110-unit facility, high occupancy, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 14,400-square-foot self-storage facility in North Baltimore, Ohio presents a compelling investment opportunity. Located on a 1.07-acre lot at 555 S Poe Rd, 45872, this property boasts 110 units and offers significant potential for growth. Built in 1988, the facility is conveniently situated approximately one mile from I-75, providing easy access for both local residents and commuters. North Baltimore's strategic location, approximately 36 miles south of Toledo and 12 miles north of Findlay, ensures a robust market for self-storage services. The property currently exhibits a 79.1% economic occupancy, generating a projected annual gross potential rent of $91,280 and a pro-forma NOI of $52,851, resulting in an attractive pro-forma cap rate of 8.13%. The asking price is $650,000, with an occupancy date of December 9, 2024. This drive-up facility represents a rare opportunity to acquire a well-established, high-performing self-storage asset in a desirable location. The property's strong performance and convenient location make it an ideal investment for owner-users seeking a stable and profitable venture.

Highlights

  • 14,400 square feet self-storage facility.
  • 1.07-acre lot.
  • 110 units, 79.1% economically occupied.
  • $91,280 annual gross potential rent.
  • Located at 555 S Poe Rd, North Baltimore, OH 45872.

Property Details for 555 Poe Rd

Property type
Self storage facilities
Year Built
1988
Lot Size (sq. ft)
46,609 SF
Units
110

Location Insight

City
North Baltimore
County
Wood
State
Ohio
Latitude
41.1755503
Longitude
-83.6640218
555 Poe Rd, North Baltimore, Ohio

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555 Poe Rd
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