For Sale
$1,000,000

10006 Milan Rd Milan, OH 44846

10 Units, High ROI, New Construction

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Property Details for 10006 Milan Rd

Property type
Self storage facilities, Flex space
Square Feet
1,320 SF
Year Built
2024
Stories
1
Units
10

Location Insight

City
Milan
County
Erie
State
Ohio
Latitude
41.347071424191
Longitude
-82.630673639154

FAQs

What type of property is this?
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.
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.
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10006 Milan Rd
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