For Sale
$6,750,000

536 Monroe-Concord Rd Troy, OH 45373

High-Demand Self Storage Investment

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional self-storage facility, located at 536 Monroe-Concord Rd, Troy, OH 45373, presents a lucrative investment opportunity. Built in 2021-2022, this nearly new facility boasts 46,808 square feet and comprises seven buildings housing 300 units, currently operating at 93% occupancy. The property features premium construction materials, including thicker gauge siding and extended-life (40-year) roof screws. The unique 6/12 roof pitch with 10-foot-on-center trussing maximizes interior cubic footage, allowing for higher rental rates. Designed for minimal maintenance, the site includes underground drainage connected to a detention pond, eliminating the need for interior mowing. Security is ensured with 42 POE cameras featuring night vision. Access is controlled via a 12-foot gate with a keypad adjacent to the remodeled on-site manager's house (currently rented). The facility's layout allows for potential unit subdivision to increase the number of rental spaces. The asking price is $6,750,000, translating to $144.21 per square foot and $22,500 per unit. This turnkey operation is ready for immediate ownership.

Highlights

  • Brand new facility, constructed in 2021 and 2022.
  • Existing facility features 278 self-storage units (214 currently occupied).
  • Includes main house, barn, and on-site office.
  • 94% occupancy rate at listing.

Property Details for 536 Monroe-Concord Rd

Property type
Industrial properties, Self storage facilities
Square Feet
46,808 SF
Units
300

Location Insight

City
Troy
County
Miami
State
Ohio
Latitude
39.9946136
Longitude
-84.21277

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FAQs

What type of property is this?
Industrial property - High-Demand Self Storage Investment
Where is the industrial property located?
The property is located at 536 Monroe-Concord Rd Troy, OH.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Brand new facility, constructed in 2021 and 2022.; Existing facility features 278 self-storage units (214 currently occupied).; Includes main house, barn, and on-site office.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Scott Kaster
Scott Kaster
Visit Broker Website

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Monroe-Concord Rd
Troy, OH 45373

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Monroe-Concord Rd
Troy, OH 45373

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

536 Monroe-Concord Rd
  • Scott Kaster
    Scott Kaster
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