This exceptional self-storage investment opportunity in Milan, Ohio, presents a portfolio of ten newly constructed (2024) individual storage condominium units, each boasting 1,320-13,200 square feet of space. The property, situated on a lot of 1,320-13,200 square feet, features a total net rentable area of 13,200 square feet, currently generating a strong NOI of $82,000, representing an 8.20% cap rate. Each unit is priced at $100,000, with the entire portfolio offered at $1,000,000. Units are currently leased at $850 per month, offering immediate cash flow. The units are high-quality, featuring 16-foot ceilings, 14' x 13' overhead automatic garage doors, 60' wide driveway access, full insulation, LED lighting, epoxy-sealed concrete floors, and individual man doors. Optional upgrades include half bathrooms, ceiling fans, and upgraded electrical systems. The property is zoned for industrial use and offers secure, heated, and private storage solutions, ideal for RVs, car collections, boats, and both private and commercial storage needs. Phase 2 of construction is nearing completion. This is an owner-user investment opportunity with financing available. The property is located at 10006 Milan Rd, Milan, OH 44846.
Highlights
$1,000,000 asking price for a 13,200 square foot self-storage facility in Milan, Ohio.
Ten units available, priced at $100,000 per unit.
Currently leasing at $850 per month per unit, generating an $82,000 NOI and an 8.20% cap rate.
Phase 2 of construction is nearing completion.
Features include 16-foot ceilings, 14' x 13' overhead garage doors, and fully insulated units.
Self storage facility - 10 Units, High ROI, New Construction
Where is the self storage facility located?
The property is located at 10006 Milan Rd Milan, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: $1,000,000 asking price for a 13,200 square foot self-storage facility in Milan, Ohio.; Ten units available, priced at $100,000 per unit.; Currently leasing at $850 per month per unit, generating an $82,000 NOI and an 8.20% cap rate.
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Contacts
Jim Gable
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Milan Rd Milan, OH 44846
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Milan Rd Milan, OH 44846
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10006 Milan Rd
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