For Sale
$1,400,000

15956 Veterans Memorial Pkwy Wright City, MO 63390

High-growth St. Louis self storage, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional self-storage investment opportunity presents a 19,950 square foot facility located in Wright City, Missouri, boasting 141 units and a remarkable 92% occupancy rate. Built in 2013 and renovated in 2020, this single-story facility sits on a 3.69-acre lot, offering significant expansion potential. Currently operating at high occupancy, the property is strategically positioned on Veterans Memorial Parkway with excellent visibility from I-70, experiencing 26,000 vehicles per day. The asking price is $1,400,000, translating to $70.18 per square foot and $9,929.08 per unit. Located in the rapidly growing western suburbs of St. Louis, this property presents a compelling investment opportunity with substantial upside potential. The facility's prime location and high occupancy provide a strong foundation for future growth, with the possibility of adding over 24,000 square feet of additional storage space, increasing the total to 44,680 square feet. Further revenue streams can be generated through the addition of ancillary services such as tenant protection plans and truck rental commissions. This is a rare chance to acquire a well-established, high-performing self-storage facility with significant room for expansion and increased profitability in a desirable market.

Highlights

  • 3.69-acre site comprised of two parcels within a two-mile radius.
  • Prime location in St. Louis, MO's western suburbs.
  • Substantial expansion potential.
  • High occupancy rates with ancillary income opportunities.
  • High-visibility I-70 frontage, 26,000 vehicles per day.

Property Details for 15956 Veterans Memorial Pkwy

Property type
Self storage facilities
Square Feet
19,950 SF
Year Built/Renovated
2013/2020
Stories
1
Lot Size (sq. ft)
160,736 SF
Units
141

Location Insight

City
Wright City
County
Warren
State
Missouri
Latitude
38.8223938
Longitude
-91.077005

FAQs

What type of property is this?
Self storage facility - High-growth St. Louis self storage, expansion potential.
Where is the self storage facility located?
The property is located at 15956 Veterans Memorial Pkwy Wright City, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3.69-acre site comprised of two parcels within a two-mile radius.; Prime location in St. Louis, MO's western suburbs.; Substantial expansion potential.
How can I contact the broker?
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15956 Veterans Memorial Pkwy
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